The Montreal Tribune International Canada National Business
Financial Services Information
Interested in knowing more about RESP, RRSP, Mutual Funds, Group Insurance, Life Insurance, Home Insurance, Car Insurance and etc. Interested in building a career in the financial services industry. Looking to get certified as an investment broker. Well, we're looking for you, why not join our firm, for details give us a call or email us at email@example.com
World Wide Acceptance >>>TOP
Nominated children may use the proceeds of their RESP to help fund their education in Eligible Institutions in countries World Wide. (definition of Eligible Institution below)
Eligible Institutions: "any educational institution that qualifies as "Post-Secondary Educational Institutions" under the Tax Act. Generally, this includes all universities, colleges, or other Post-Secondary Educational Instituions in Canada and those outside Canada providing courses of at least 13 consecutive weeks and certain occupational training institutions in Canada." (This definition is only for Optional and Millennium Plans. Older Plans must also meet the specific requirements of the Plan.)
Securities Commission (Quebec) >>>TOP
A body created by Provincial Law whose aims are to protect the free flow of capital and protection of the Province's Investors.
PRINCE EDWARD ISLAND
no website listed
no website listed
RESP Certificate >>>TOP
Social Insurance Number >>>TOP
To have your plan registered and to qualify for the CESG your child must have a Social Insurance Number (SIN) on file with your RESP provider, thus it is important to apply for it immediately.
To obtain your child's SIN, you must apply to Human Resources Development Canada (HRDC). For the location of your local HRDC office, please refer to the blue pages of your telephone book or online at http://www.hrdc-drhc.gc.ca/sin.
Compound Interest >>>TOP
Interest paid on capital and its accumulated interest.
*Interest earned on an annual investment of $1000 compounded annually.
The Rule of 72: The Rule of 72 is a way of estimating how long it will take to double your investment. In order to calculate this, take 72 and divide it by the rate of return you expect to earn on your interest. For example, if you expect to earn 12% on your investment, you can expect to double your money in 6 years.
Rule of 40 >>>TOP
The Rule of 40 is a way of estimating the number of years it takes for management expenses to consume 1/3 of your investment. In order to calculate this, take 40 and divide it by your mutual fund's Management Expense Ratio (MER). For example, if you have chosen a Mutual Fund with a 2.1% MER (the Canadian Average), in 19 years 1/3 of your investment will have been lost to fees. Choosing a fund with a higher MER, such as 3% will only take 13 years to lose 1/3 of your investment.
Tax-Sheltered Investment >>>TOP
Investment income earned by your RESP conributions accumulates tax-free until it is withdrawn from your plan.
*The amount of interest earned on your investment in Units may vary from year to year. Past performance is not necessarily indicative of future performance.
Guaranteed Investment Certificates (GICs) >>>TOP
Certificates offered by banks and trust companies, that have a guaranteed interest rate for the term of the investment and investments up to five year duration may be guaranteed by the Canada Deposit Insurance Corporation.
Government Bonds >>>TOP
Obligations of the Canadian government, regarded as the highest grade bond issued domestically.
Insured NHA Mortgage >>>TOP
First Mortgages, the majority of which are insured under the National Housing Act or by an insurance company licensed under the Canadian and British Insured Companies Act (Canada). The geographic diversification and insurance coverage on our overall portfolio is such that any risk that may be associated with any single mortgage investment is minimal. When you couple this fact with the concept of pooling all individual Plan funds together and investing some in all of the asset classes, the risk on any one Planholder's investment is negligible.
Treasury Bills >>>TOP
Short-term government paper with no stated interest rate. It is sold at a discount in competitive bidding and reaches maturity in ninety days or less.
FOR COMMENTS ON TODAY'S NEWS PLEASE SEND FEEDBACK TO firstname.lastname@example.org
IF YOU ARE IN THE TEXTILE AND GARMENT BUSINESS AND LOOKING FOR BUYERS IN CANADA Order your copy NOW of the NEW 2003-04 up-dated version or current listing of the Canadian Garment and Textile Buyers Guide and Industry Textile Book (fabric identification in dictionary form) are available at US$50 per copy.
Important Notice To The Tribune Viewers! We Delete Thousands of Mails Everyday! If you were to send us e-mails, please make sure your identity is properly shown including the subject you are relaying.. It’s our policy not to open attachments which also applies applies to all our correspondents and contributors.
"Check Our Advertising Rate Card"
It is very important to note following the simple payment instruction at the bottom of the rate card will facilitate posting your ad in The Montreal Tribune.
We are strictly not accepting ads on Dating Service, Multi-Level Marketing known as MLM, Porno, and Gambling.
All commercial ads found on and within this site are picked and selected by our affiliates in the United States of America. For Canadian and Overseas advertising, please refer your inquiry to our general agents for Canada,
This is a non profit, non religious, non political, & non racial online website and here's how you can help us stay on line, advertise or be one of our sponsors. Since we download update news by the hour please view "Yesterday's Front Page". Archives are only maintained 30 days. You may request copies beyond this time line, if available. Thanks
In cooperative Link Service with Canadian Broadcasting Corporation Headline News
All Montreal Tribune Correspondents including those from Overseas are issued Press IDs, and could only be used on assignments, for verification purposes please contact the editor
This site is best viewed on 800x600 display resolution
For Optimal performance we recommended Internet Explorer Version 5.0+, and Netscape 4.7+
Copyright © 2004 All Rights Reserved.
The Montreal Tribune ISSN 1186-2165 ® This page is one of the on-line pages of
Signed articles are the responsibility of the writers and not those of the publisher and editors of this publication.
Any communication concerning this site should be addressed to the webmaster.
This is a family friendly website - No Porno and Gambling links Allowed