How market volatility can work for the investor

What is market volatility? Volatility is when prices of stocks and equity funds increasingly shift in value up or down. When a low-volatility period is followed by increases in volatility, stock markets may begin to offer lower prices, which can effectually present lower priced fund units, both offering a buying opportunity for the investor.

The stock market can both gain value in a “bull market” and can have periods of slow down referred to as a “correction” or if more prolonged, a “bear market”.

Many investors have seen their investments increase dramatically since the 2008-9 financial crisis that affected all the world’s markets. Many of these investors have also witnessed a remarkable bull market taking many stocks and equity funds much higher than their previous years’ valuation. Conversely, investors who unwisely sold their holdings out of fear lost money.

The ideal strategy exercised by most successful contrarian investors like Warren Buffet is to buy investments when others are fearful, and they are selling their holdings at lowering prices.

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When buying opportunities abound The market can experience increased volatility due to fears such as various wars, debt crises of countries, economy slow-downs, or the potential of rising interest rates.

Nevertheless, during periods of higher volatility, wise investors think positively, relying on the professionals managing their investment portfolios.

Predesigned investment plans are important Though periods of volatility occur, it is important to exercise patience while maintaining a balanced and well-diversified portfolio according to a prescribed investment plan.

Plan with your advisor to establish a buying plan when others may be fearful. Market cycles of volatility are normal and expected.

The Registered Education Savings Plan (RESP) for Educational Planning

Facts about an RESP

A Registered Education Savings Plan (RESP) is a savings plan registered with the government that can help you save for your child’s post-secondary education.

Money invested in an RESP grows tax-deferred. The government helps contribute to your savings with education grants.

Later in life, as your child enrolls at a qualifying post-secondary institution, you can withdraw the funds for educational purposes. The payments made from these funds are called Educational Assistance Payments (EAPs).

Invested income and government grants received when withdrawn from the RESP are taxable. You do not pay tax on the contributions you made using your own money. Then these amounts are taxed in the tax return of the student – usually with little or no tax payable as students generally will be in the lowest tax bracket.

How do RESPs help my money accumulate?

  • Starting to use an RESP for your child early, while they are young, gives you more time for your contributed funds to grow.
  • The Canada Education Savings Grant (CESG) will match 20% of annual contributions, up to $500 per year
  • These contributions can continue until you reach the lifetime limit of $7,200 per child
  • Investing your Canada Child Benefit can assist you while saving enough to qualify for the maximum CESG amount

Federal Government-funded education grants

The Government of Canada supports saving for a child’s education by offering grants to a child’s RESP – offering you additional funds to accumulate educational savings.

The Canada Education Savings Grant (CESG)

The basic Canada Education Savings Grant (CESG) increases your year by year contribution by 20%, up to $500 per beneficiary each year to a lifetime limit of $7,200 per beneficiary. Additional CESG grants may be available, depending on your income.

Please talk to us for more information about the RESP and the CESG grant as it applies to your province.

Source: CRA

Education’s effect on future income

 

How parents help shape the financial future of their children

In Canada, the government allows a welcome tax break when you save for your child’s education. As parents, we need to consider the effect that education will have on the future income and lifestyle of our children.

The Internet is bringing many changes quickly: Amazon is replacing many of our once-renowned retailers. Google sweepingly controls business success: who gets to view your website and consequently buy your services is based on paying for Google AdWords. The world has moved into one of the most profound eras of change in human history. Our children, for the most part, are just not prepared for this new reality. The gap to accessing a secure income, or obtaining a job with a substantial retirement pension is widening.

Parents who can see the chaos, the economic uncertainty, the stress and the complexity in the world, know intuitively that the new wave of robotics and artificial intelligence (AI) call for an educational revolution. Our children must be able to get a post-secondary education while aiming for higher accreditation in a career known to provide substantial income that keeps up with inflation. Serious financial planning can provide significant funds to go to university or college. The Financial Comfort Zone Study found the following:

“Canadians who establish registered education savings plans (RESPs) for their children are setting their kids up for financial success later in life because there’s a direct correlation between having post-secondary education and wealth”.1

The study revealed the following:

• Among those holding a postgraduate degree (the highest level of education), 23% have investible assets of $500,000 or more, whereas approximately only 11% if the schooling is at the post-secondary level.

• Of those with only a high-school diploma, only 8% have investible assets of $500,000 or more, while 72% have investible assets of $100,000 or less.

Parents can influence the education of their children by fostering the right attitude toward the need for educational training for a financially sustainable future.

“Among parents who gave education a high rating of importance and who had one or more children living at home, 49% indicated they had established an RESP for their children. Similarly, 45% of parents who gave education a medium rating of importance and who had one or more children living at home indicated that they had established an RESP for their children. In contrast, only 15% of parents who gave education a low rating in terms of importance and who had one or more children living at home had established an RESP for their children.” 2

What ways can we plan for our Child’s education? Consider using both the traditional Registered Educational Savings Plan (RESP) and the Tax-Free Savings Account (TFSA) as an educational savings vehicle. A TFSA offers parents another tax-efficient method to provide for education planning.

1 Credo Consulting Inc. and Investment Executive

2 ibid

7 ways life insurance protects your financial foundation

Life insurance has been called the foundation of the strategy of building and protecting your net worth. The initial stages of your financial strategy should include adequate life insurance coverage.

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The following 7 tips will give you a template for your life insurance planning for a lifetime.

  1. Term life insurance is affordable protection when you are young Term insurance coverage offers the lowest cost per thousand dollars of coverage. It comes in various renewable periods of time, for example, 5-,10-, 20-year term and term to age 100.
    • Upon each renewal of term insurance, the cost can increase and may have a final term period ending at a certain age such as age 65, 75 or age 100.
    • Most term plans can be converted to lifetime insurance coverage without medical evidence, that will continue to cover you for the duration of your life.
  2. Life insurance can pay off large accumulations of debt  Many owe thousands of dollars on their credit cards or a large amount of business debt.
    • Replace the debt monkey with cash money Term life insurance often solves debt concerns. It can offer you the peace of mind that you will not be saddling your family with ongoing debt.
    • If you own a business You and your partners can enter agreements to redeem debt or buy business interests providing cash to your heirs.
    • Debt-free succession plans work better Infusions of cash into a business can help a succession plan to work well.
  3. Your life insurance plan can change to adapt to your needs Review your life insurance during each of life’s stages. Our circumstances change dramatically and so do our needs for life insurance. It may be time to review your life insurance and verify beneficiaries, policy amounts and any riders associated with the plans. As you evolve financially, so do your life insurance needs.
  4. You can protect your family when you have young children When you are newly married and starting a family, life insurance is purchased to provide tax-free capital in case one of the parents should die.
  5. When your children are going to college protect your liabilities Many of us tap into our savings to help meet their children’s tuition and housing expenses. We may purchase a child’s first car, or pay him/her an income for one or more years. If you die without providing continuing support, your young adult child may need to quit seeking a higher education due to a shortage of funds to pay for tuition and expenses.
  6. Special Estate Planning solutions When your estate will face a large tax bill, or you desire to leave a large sum of money to an heir or a charity, there are life insurance solutions. The tax-free death benefit can solve estate-related problems such as paying an estate’s tax liability on capital gains.
    • As you approach retirement, you may have accumulated assets that will be taxed as capital gains: such as a cottage, business, equity fund holdings, or a stock portfolio. Life insurance that continues for a lifetime, such as Term to age 100 or Whole Life (or Permanent Life)—can help pay the income tax due in your estate.
    • This can include paying taxes on remaining RRSPs or RRIFs, as these funds are fully taxable to the estate where there is no surviving spouse or dependent child.
    • It can also pay off large business debts that may be left as an ongoing liability, weighing on a surviving spouse’s financial security.
    • You may have an heir who will need a large sum of capital invested to provide a lifetime income from a trust fund. This is often the case with disabled children who may have special needs which can be expensive over a lifetime.
    • You may want to leave a significant sum of money to a charity of your choice.
    • You may want to transfer large sums of wealth in a controlled manner using life insurance beneficiary directives which can circumvent probate and notification to others when you desire privacy in your estate outside of your will.
  7. Your exact life insurance needs can be calculated Life insurance specialists use a calculating system referred to as a capital needs analysis. Consider insuring the adults in your family. The breadwinner’s income can be replaced to protect your family’s financial security. You may have debts that you’d like redeemed. Final expenses can be paid. A mortgage can be paid off. Retirement money can be generated. There are many good reasons to strengthen your financial security with life insurance.
  • It is necessary to calculate the capital needed over any short or long period to meet any financial situation. Call for an appointment to have us review your life insurance.

Note: Talk to your advisor about potential tax exemption changes to investment components of life insurance.

Copyright by Adviceon.com

Market Indices

The links on this page of the financial market indices for your perusal is information provided as is and solely for informational purposes, not for trading purposes or advice and may be delayed.

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Indices Data Links

Source: TMX Money site | Bloomberg’s World Stock Indexes page | Bank of Canada’s site

Terms on Patform Sites

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Canadian Financial Publishing Group is not responsible for compliance for the purpose of a sponsoring company or co-op advertising on any website though we seek to comply with all MFDA rules. Canadian Financial Publishing Group wants to point out that it is illegal and against Ontario Securities Commission regulations if a financial representative (the purchaser of these website services) implies authorship of any article published herein. Adviceon® seeks to operate within compliance rules but is not responsible for non-compliance relating to interpretations of the MFDA rules, or a mutual fund dealership’s rules, even though we seek where possible, to comply at all times. It is the Financial representative’s (the user of these website services) responsibility to inform Adviceon® of any change, addition, or deletion required by his or her compliance department or officer, and where any party has a concern regarding compliance, Adviceon® shall not be held responsible in any way. Where Adviceon®’s compliance management tool, Financium.net, is used by a company, Adviceon® is not responsible for the company’s compliance officers’ completion or maintaining of compliance on behalf of the company, or for the use of Adviceon® ‘s tools offered for the company’s convenience; and it is not the responsibility of Adviceon® to maintain compliance of the company’s manifesting online content and it remains the responsibility of the compliance department to locate the website wherein an advisor’s profile is presented to the public by “Preview” using Financium.net.

Website promotion is not Adviceon®’s Responsibility

Initiating an agreement to pay for and access services rendered by Canadian Financial Publishing Group does not imply that Canadian Financial Publishing Group is responsible for or guarantees that anyone browsing the Internet will visit your site through any search engine or by entering your URL in their browser. All promotion and advertising of anyone or any company using access to a website designed by, or services rendered by Canadian Financial Publishing Group are the responsibility of the advisor, representative, or Adviceon® client. The user’s promotion of their site location is their responsibility and will not set forth any argument for discounting or annulment of payments due, past, present, or future. Adviceon® websites can offer use of Google Analytics to a client and will not take directives from SEO firms or Social Media consultants utilizing such Google Analytics.

Contract Period & Cancellation Policy

The minimum period of initial Internet access to Adviceon®’s copyright data shall at least be automatically contracted for a minimum number of three years without a formal signed contract, or for the term as indicated by a formal signed contract, from the first date of any access to Adviceon®’s Copyright Internet data or website built by Adviceon®, or to any service as indicated on an invoice, and will automatically renew, following the initial period, or upon the revision of any website or website contract with Adviceon®, or upon continued manifestation of Adviceon® embedded libraries on a website which is the responsibility of a non-Adviceon® webmaster, or when a website revision is paid at a special price, or Adviceon® data is viewed as not being utilized, the service shall remain payable for the term agreed, irrespective of recurring payment periods or invoicing cycles that are of a shorter duration.

To terminate a website or representative websites or any copyright access to Adviceon® Internet data, a registered letter or digital letter via email must be received 90 days in advance of the time of such termination.

Where an invoice has been paid in full or in part for a new term, monies are not refundable after cancellation especially if such cancellation is directed from a Head Office. In all cases, all outstanding fees not yet paid, relating to website hosting, copyright data access, revision or changes over three years which were not billed or paid, edits, and domain registrations shall be due, including up to the date of termination, even where the Internet service has been shut off as per a directive from the client, or for non-payment or conflict regarding terms of access. Also, a ninety-five dollar ($95.00) fee may or may not be applied for abrupt cancellation per website.

All costs or remaining fees for a three year period of use incurred by any corporate group allowing or directing new website builds or upgrades or issuing compliance approvals or requests for MFDA or their advisor representatives, on any website, followed by a cancellation within three years use of any website, either of a Head Office or a representative advisor, shall be payable upon cancellation or disuse of services for all such services rendered. Where a dispute arises, Adviceon® shall determine the actual initial anniversary date, as the first day of the first copyright Internet access period as stated on Adviceon® records, or the date of any website revision upon which a new automatic period begins for three years at the current monthly rate as established by Adviceon® regardless if a contract has been signed or not, even where such revision was done without charge, the remaining amount shall be due.

To seek to circumvent payment of any invoice, or remaining fees due at termination for any reason, not in accord with this online agreement, will be deemed an infringement of copyright and may be prosecuted by law. Termination letters may not be deemed legal if given verbally over the phone or by facsimile or by email, without utilizing a distinct registered mail or courier service that offers a registered receipt as proof of receipt. Where an agreement to settle has been accepted via email with Adviceon® all accounts must be settled in accord with a promised settlement within 15 days and attested paid in full.

Past due invoices or monies owed where data links or embedded widgets are removed from websites for the purpose of evading payment; or without receipt of a registered letter of cancellation as proof of cancellation, a client or sponsoring company will have no legal recourse if payment is overlooked for any reason. When a company or individual cancels any or all representative websites, or stops supporting compliance confirmations, making it difficult to collect monies from representatives, or causes potential chargebacks that may harm Adviceon®Media merchant banking relationship, all monies shall be deemed payable by the said sponsoring Head Office.

If Adviceon has been lenient or lowered a representative fee or shortened a term of payment in the past for any reason, it shall have no bearing on the three-year term of service for which monies are due upon cancellation for all remaining months.

Where any initial website build, or special update, or design work, or website refurbishing or website design switch has occurred to a different designed website from the original website, and a three year period has not evolved from the date of completion of said work, Adviceon® reserves the right to charge fees commensurate with any of these said services as noted above, plus the inclusion of retroactive normal monthly fees from the beginning date of said work for an initial website build or date of update, plus any associated administration transfer fee, prior to a release of any domain under Adviceon®’s payee jurisdiction.

Any company that has given direction to Canadian Financial Publishing Group, Financium®, or Adviceon®, by letter or by email, on behalf of, or in union with, or by a representative, or advisor, or owner, or co-owner, or director, or president, or officer of the company, who later fails to pay an account, and has authorized a website build or online services, all officers of the corporation of the Head Office and their sponsored representatives using Adviceon® services shall be responsible for any non-payment of account for work so directed on behalf of the company for a representative who is currently, or was employed by or represented the said company at the time the directive was given.

Adviceon®’s accounting shall suffice as final accounting, and can account for work not yet billed or missed billings for directed or requested work going back three (3) years or where fiscal retainers (funds retained) did not cover such work; and any withholding of payment due shall be deemed an infringement of Adviceon®’s copyright from the date Adviceon®’s data was historically accessed.

Social Media and Other Media Uses

Where Adviceon® media has been used within Facebook or LinkedIn or Twitter or emailed using a campaign system via a URL post linking to your Adviceon® website, a minimum of ninety-five dollars ($95.00) upon cancellation may be charged to mitigate or insure against corporate liability, and all such posts with live or dead URLs, and any copied text, must be removed from all online media and locations where there is a cancellation, and copies of Adviceon® information must never be used in unauthorised media else copyright infringement may be notified.

Continuance of Adviceon® Licensing Service after Contract

Even where the initial period of Copyright Internet access has renewed, or been allowed to continue by a head office or use of compliance tools offered by Adviceon® has occurred, and continued in order to allow or retain pricing or service, or due to non-cancellation, fees will be deemed due to date, until either a new contract is formalized, or a cancellation is requested and completed as per the above-stated method, and monies due where applicable, using a registered letter by mail or courier.

Prepayment

Full payment shall be due upon receipt of each invoice on a prepayment basis even where any payment is due before accessing the copyright Internet access data which may cause service interruption. All initial set-up and ongoing service fees are to be paid as due when invoiced. Paid invoices for any Internet service are not refundable for any reason.

Initial and Ongoing Contract Activation

The legal information supplied online attending this website applies for a minimum term of agreement for three years and is confirmed, agreed upon, and actualized by an order or request for services via email or letter or an applied payment to initiate Internet website building or to initiate access to any other Internet service offered by Canadian Financial Publishing Group or by the trade name of Adviceon®. Upon activation, all established set-up fees and monthly access fees shall be due for a minimum of three years or more, regardless if a shorter period or pause of a period has been allowed for any reason.

If a period of access is extended, or by default, service is allowed to continue, subsequent automatic renewal periods apply and are deemed as a renewal, where there is a continuance after the anniversary date indicative of a concluding period of the initial purchase, and it shall be prolonged by this agreement for a minimum of three years unless otherwise agreed and payments not invoiced and not paid are invoiced and further paid for ongoing design and website work amortizable over three years periods despite intermittent and ongoing annual renewals.

Interruption and Reinstatement of Service for Non-Payment or No Contract

When service is interrupted for non-payment, an additional fee may apply for reinstatement of services once the historic invoices or debit failures are paid up to date. If for any reason the advisor or user or client of Adviceon® deems to terminate an Internet service about non-payment of an Adviceon® invoice, an additional fee shall apply to remove the website from service at the discretion of Adviceon®. When services are halted or removed for continued non-payment, where any Adviceon® invoice is left unpaid, at Adviceon®’s discretions, all rates shall be deemed to revert to the highest rate for similar services by Adviceon® based on one advisor (not a group of advisors under 100 representatives) and all invoices may be submitted to a collection agency or for legal counsel. Adviceon® accounting will be the only record of reference to finalize any unpaid account. It is advisable to have a signed formal contract made legal by the agreed signatures including the signature of both the company and Adviceon®’s president, which may offer special considerations or discounts on cancellation of remaining monthly service fees. Adviceon® may deem that all signatures must coincide with the same period of not more than 30 days of signing.

Adviceon® reserves the right to demand full payment for all work allowed or directed by and rendered for a company. If this online Internet Agreement of Copyright Use & Legal Notice is the only agreement operative where there has not been a signed formal agreement, this entire Agreement of Copyright Use & Legal Notice set forth herein shall prevail in all disputes.

Website Readiness

Canadian Financial Publishing Group will not be responsible for premature advertisements or promotion by any user or client to anyone, by any method presenting their website as ready to view, until all configurations are proofed and proven to be working to the client’s total satisfaction or by a compliance department if necessary, as it often takes more time than anticipated to configure a website or articulate a profile or for multiple reasons. Adviceon® may access monthly payments as soon as the architecture of the website or pages of the website is formed and may not necessarily rush web development work directed by a client as urgent for any reason.

General Disclaimer

All online statements and statistics set forth on any online page as offered by Canadian Financial Publishing Group are intended for educational purposes only and are believed to be true and dependable, however accuracy of content is not guaranteed, nor will Adviceon® or a Financial Advisor or a company associated with the Financial Advisor or any party contracting the services of Adviceon® assume liability for Financial applications or a securities trade or investment decision or life insurance purchase based on any article, graph or statistic on this website, even where an error or omission occurs. The reader is advised to seek additional professional advice and to evaluate strategies applicable to each client’s objectives.

Investors and the general consumer referencing this website should inform themselves regarding securities, taxation or exchange control legislation which may affect them personally. This website is for general information only and is not intended to provide specific personalized advice regarding and including, without limitation, securities trading, mutual funds, segregated funds, investments, investing, financial strategies or planning, life insurance planning, estate planning, disability insurance planning, medical or psychological well-being, general insurance, travel planning or travel insurance, health concerns or problems, accounting or tax advice, or any other service deemed advice, consultation, or recommendation. Please consult an appropriate professional regarding your particular circumstances.

Information provided by Canadian Financial Publishing Group and other sources on this website is believed to be accurate and reliable when placed on this site, but we cannot guarantee it is accurate or complete or current at all times. Information on this site is for information purposes only and is not intended to provide financial, legal, accounting or tax advice and should not rely upon concerning any decision affecting financial planning or the purchase of a security, mutual fund, or life insurance.

We endeavor to keep legislative-related information at this site current. However, legislative-related information is subject to change at any time without notice to users and the posted information at any Internet website serviced by Canadian Financial Publishing Group may not immediately reflect such changes. Information in this website is subject to change without notice and Adviceon® and the owner of this website is not liable for any inaccuracies in the information presented.

Limitation of Liability for Public Use

The content in this website does not constitute an offer or solicitation. References on this Internet website to third party goods or services should not be regarded as an endorsement of these goods or services. This website is intended for Canadian residents only and the owner and publisher of this Internet-based website are not liable for any inaccuracies in the information provided.

Trademarks and registered trademarks in association with Canadian Financial Publishing Group are owned by Adviceon®. Reproduction by any means without written permission of the publisher is strictly forbidden. The publisher will consider authorization of reprints used only by their current clients who inform Canadian Financial Publishing Group before use and have received written authorization or paid an invoice for such use before such use. Contact the publisher at editor@Adviceon®.com

Canadian Financial Publishing Group does not sell or promote specific or name particular financial products such as naming or advocating a mutual fund or life insurance brand or product.

General Mutual Fund Disclaimer

Only registered representatives of a Mutual Fund Dealer offer mutual funds and in some case segregated funds, whereas segregated funds are also offered by life insurance representatives.

Before investing in any mutual fund, it is important to read the specific fund’s simplified prospectus. Commissions, trailing commissions, management fees, tax payable, and expenses may be associated with mutual fund investments. Mutual funds are not guaranteed. Their values change frequently, and past performance may not be repeated. Any indicated mathematical return, including those set forth on graphs or tables in this online publication, is used only to illustrate the potential effects of the compound growth rate and is not intended to reflect future values of returns on any specific investment or any other financial product. It is strongly recommended that you seek professional advice to inform yourself regarding mutual funds or any other financial product as it relates to your circumstance.

Borrowing for investment purposes can magnify the risk as well as the reward of investing. All precautions regarding mutual funds also apply to segregated funds. You should not make any personal decision or act on any information in this online publication because it is meant for educational purposes only, and it may not be currently accurate or applicable to your circumstance. The publisher, Canadian Financial Publishing Group, will not be held liable in any way for any financial planning application, or inaccuracies, or errors, or omissions of the information in this online publication. Trademarks and registered trademarks are owned by the publisher, Canadian Financial Publishing Group. Reproduction by any means without written permission of the Adviceon® is strictly forbidden.

Advisor Communication and Privacy Disclaimer

All communications in the form of e-mails, facsimiles, or voicemails originating from a client or any automated system of Canadian Financial Publishing Group are intended for the use of the individual or entity to which they are addressed and may contain information that is privileged, proprietary, confidential, and exempt from disclosure. Advisors are admonished to not send emails using the systems provided by Canadian Financial Publishing Group to any individual whatsoever in the EU or any other region with laws privacy laws , nor keep such email addresses in our emailed newsletter systems, because these lists must be managed and policed by the advisor using the aforementioned systems.

Although our emails and any attachments are believed to be free of any virus or other defects that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free, and no responsibility is accepted by Canadian Financial Publishing Group Inc. for any loss or damage arising in any way from its use. From time to time, our spam filters may block legitimate email. If your email contains important instructions, please ensure that we acknowledge receipt of those instructions.

Related Privacy Statement for use of Communication Systems

Canadian Financial Publishing Group is committed to the protection of consumers’ personal information. Our Privacy Policy explains how we DO NOT collect, use, disclose, and store any/all personal information for any known business purpose.

We do not collect personal information

Though we provide media vehicles to send financial email e-newsletter information providing media services for advisors, Canadian Financial Publishing Group does not assess or administrate any client list for any advisor, though we may troubleshoot limited technical set-up questions. Canadian Financial Publishing Group does not sell financial and insurance products or collect personal information about any “identifiable individual” such as an advisor’s client; moreover, if an individual is an email recipient in the EU which we herein caution against.

We will NOT collect, use or disclose personal information. If you do not agree with the use of cookies and Google Analytics, which we do use to assist advisor SEO in a fair market, you as a visitor must decide to continue using this website.

Revision of this Agreement

Adviceon® reserves the right to alter the terms of this agreement at any time after thirty (30) days of service has been rendered based on administrative expenses. This entire legal agreement of terms of use may change or have additions applied and is openly and wholly accessible via direct links on your website, or Adviceon® articles for review, or in Terms on invoices and is incontestable. All online links to disclaimers on this website also need to be read.

To Discuss Strategic Relationships

Canadian Financial Publishing Group supplies website content to existing websites as well as builds new financial websites that yield Adviceon® content. To order a website or discuss how to use website content, please contact Canadian Financial Publishing Group at glenjackman@adviceon.com