Brodie Craswell, Financial Planner, RBC

12/18/2023

While the Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP) and FHSA all offer tax benefits, there are some key differences that can help you choose what’s right for you.

Understanding the differences between registered investment plans can help you decide how they can help you meet your goals.

12/16/2023

Not all Registered Education Savings Plans (RESPs) are the same. Here are 9 things to know about RESPs and if you have questions, talk to a financial planner to understand the most effective way to save for a child’s education.

Here are 9 things you need to know about RESPs.

12/12/2023

Without a crystal ball or the benefit of hindsight, it’s nearly impossible to time the market perfectly. Sooner is most often better. But a winning strategy for many investors involves building a plan and investing regularly. Working with an advisor can also help determine a plan that works for you.

Wondering if there’s a ‘right’ time to invest? The team at RBC Global Asset Management ran the numbers to compare these five different investing approaches. Find out the results.

12/08/2023

What does risk mean when it comes to investing? Learn about risk tolerance, risk capacity, and some key questions to ask. Working with an advisor can also help determine a plan that works for you.

All investments come with some risk. Knowing how much risk you can tolerate can help determine which investments suit you.

12/04/2023

Have you heard of a Spousal RRSP? Learn what it is and how it works.

What you should know about spousal registered retirement savings plans.

11/29/2023

How has our forecast for global growth and recession changed over the past quarter? Read the latest market update from RBC GAM:

11/28/2023

What can investors keep in mind when it comes to tax season in today's high interest rate environment? In this , RBC GAM's Stu Kedwell shares some key tax-planning strategies. Listen:

05/19/2023

Are you looking for the security of a GIC but potential growth of equity (stocks)?

RBC’s Equity Linked GICs could be right for you.

These GIC offer guaranteed principal and guaranteed minimum returns BUT with potential higher returns from equities.

You can purchase these GICs that follow Canadian Banks index, Canadian Utilities, US market or the North American Markets.

Some current rates are
2 year - 6.5% minimum to 15% maximum
3 year - 8.5% minimum to 22% maximum
5 year - 16% minimum to 32% maximum

These rates are just a few options and are subject to change. These are per term rates.
Please call anytime (902) 314-0404
[email protected]

04/24/2023

RRSPs are one of the best tools to save for retirement. Here’s an easy-to-read article that explains why:

04/22/2023

As interest rates fall and move towards the historical average, there are some strategies that could help you along the way.
- consider a slightly longer term then just the one year. (The rates are slightly lower but you still achieve a higher than normal rates for a longer period - compounding).
- consider purchasing an equity linked GIC. These GIC share the return from a stock market index📈 while still protecting 🔐 your principal.
https://www.rbcroyalbank.com/investments/marketsmart-gics.html
- Rate Advantage(RA)GICs - locked or cashable
- locked RA GIC increases your interest rate each year. This approaches allows you to achieve a higher yield to maturity. For an example: 5year locked normal GIC is 3.9% and a rate advantage 5year is 4.1699% ( these are the current rates and cannot guarantee these rates as they and change daily).
-CASHABLE RA - 2, 3 or 5year terms. The rates are all about ~4%. If you purchase the 5year rate advantage cashable GIC. You are getting a very solid long term rate BUT have the option to cash out some or all each anniversary date without penalty.
https://www.rbcroyalbank.com/business/accounts/rateadvantage-gic.html

Feel free to reach me anytime.
Brodie craswell, PFP
RBC
(902) 314-0404
[email protected]

The RateAdvantage GIC from RBC Royal Bank is an escalator GIC that offers an interest rate guaranteed to increase each year.

04/21/2023

Here are nine financial “to-dos" to help put you on the right track to achieving your financial goals.