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opinion
Retiring is complicated - working was way easier by comparison
An older couple is sitting at their kitchen table reviewing financial documents.
Want to avoid probate fees by sharing ownership with your kids? Proceed carefully, experts say
Electronic signature on laptop. Business Esignature technology, digital form attached to electronically transmitted document, verification of intent to sign agreement, legal deal. Vector illustration
young money
The Bloc’s plan to add billions to Old Age Security doesn’t make sense. Just ask Canadians
financial facelift
Margaret, 66, and Jack, 70, are getting married next summer. What should they do with their two homes?
Financial Facelift *DO NOT IDENTIFY* Financial Facelift - rb-gi-facelift-1025 (Jimmy Jeong / The Globe and Mail)
How a vacation convinced this former health care exec it was time to retire. Plus, read our new series: Is the wealth management industry ready for the decumulation challenge?
Retiree Joni Magil is photographed at home in Sidney, B.C., on Thursday, October 10, 2024. Chad Hipolito/The Globe and Mail
Retiring early hurts financial resiliency, Manulife survey shows
Signage is seen on Manulife Financial Corp.'s office tower in Toronto, Tuesday, Feb. 11, 2020. THE CANADIAN PRESS/Cole Burston

Financial rates

Annuities

Annuities are investments that pay an income on a periodic (monthly, quarterly, semi-annual or annual) basis. Annuities can be purchased with registered funds from individual RRSPs, locked-in RRSPs, pension plans or deferred profit sharing plans (DPSP). Annuities can also be purchased with non-registered funds. There are generally two types of annuities. Term certain annuities pay a periodic income for a specific predetermined period of time or number of payments. Life annuities pay a periodic income for as long as the annuitant or joint annuitants live.

Term Deposits

Term deposits are investment products that offer a guaranteed rate of return for a pre-defined time period. The applicable interest rate varies according to the term of investment, the amount of money invested, the treatment of interest and whether or not the investment is redeemed prior to maturity. Term deposits are also known as GICs (Guaranteed Investment Certificates), or Accumulation Annuities when issued by an insurance company.

Deposit Accounts

Deposit accounts (often referred to as a savings or chequing account) offer a variable interest rate which is often based on the balance in the account.

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opinion
Retiring is complicated - working was way easier by comparison
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Want to avoid probate fees by sharing ownership with your kids? Proceed carefully, experts say
Electronic signature on laptop. Business Esignature technology, digital form attached to electronically transmitted document, verification of intent to sign agreement, legal deal. Vector illustration
young money
The Bloc’s plan to add billions to Old Age Security doesn’t make sense. Just ask Canadians
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Financial Facelift *DO NOT IDENTIFY* Financial Facelift - rb-gi-facelift-1025 (Jimmy Jeong / The Globe and Mail)
How a vacation convinced this former health care exec it was time to retire. Plus, read our new series: Is the wealth management industry ready for the decumulation challenge?
Retiree Joni Magil is photographed at home in Sidney, B.C., on Thursday, October 10, 2024. Chad Hipolito/The Globe and Mail
Retiring early hurts financial resiliency, Manulife survey shows
Signage is seen on Manulife Financial Corp.'s office tower in Toronto, Tuesday, Feb. 11, 2020. THE CANADIAN PRESS/Cole Burston
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Facelift September 27th, 2024. Duane Cole/The Globe and Mail
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Nova Scotia Premier Tim Houston speaks to reporters during meetings with Canada's other premiers at the Council of the Federation in Halifax on Tuesday, July 16, 2024. THE CANADIAN PRESS/Darren Calabrese
paycheque project
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financial facelift
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opinion
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charting retirement
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opinion
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opinion
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financial facelift
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newsletter
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Canada's Bloc Quebecois leader Yves-Francois Blanchet speaks to journalists in the House of Commons foyer on Parliament Hill in Ottawa, Ontario, Canada October 2, 2024. REUTERS/Blair Gable
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opinion
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opinion
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opinion
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Asia stock trader agent or Sale tax loan broker advice brief and point hand to graph report talk to client at office desk show budget chart data or legal result on claim form. Trust will in work plan.