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Jill had spent years building her retirement savings in Canada when she started thinking about what would happen to that money after she was gone. Jill lives in Canada and has built a substantial retirement portfolio, including a Canadian RRIF. Her son, Jack, lives in the United States.

Like many parents, Jill assumed that if she named Jack as the beneficiary of her RRIF, the account would simply pass to him when she died. But the answer is not quite that simple. The fact that Jack lives in the United States introduces.

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PERSONAL FINANCESUBTITLE

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Financial freedom requires planning and patience. This is the first piece of a series of posts on exploring various investment avenues.

As another year comes to an end, it’s important for us to equip you with the best investment ideas. In this series of articles, we’ll discuss the different routes you can take to plan.

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investingSubTitle

on Oct 27, 2026
214 views 11 mins

There may be a lot of great brokers online, but what is the best online brokerage for you in Canada this year?While Canada’s online brokers provide roughly the same basic DIY investing and trading services, the platforms, fees and access to investing information can differ”
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New study shows life insurance coverage is up, but confidence is down

September marks Life Insurance Awareness Month, so it’s fitting to dive into PolicyMe’s second annual life insurance report. The 2026 Life Insurance Gap Report, produced in partnership with Angus Reid, looked at the responses of over 1,500 adults asked about life insurance coverage and barriers to access.

The report shows some positives compared to the previous year’s analysis, but there are some concerning details, mainly regarding affordability and consumer confidence.

More Canadians have life insurance, but coverage isn’t even

Let’s start with some positive data from the report. More Canadians now have at least one type of life insurance policy. The PolicyMe study revealed that 68% of Canadians have some kind of life insurance coverage, which is up from 58% in 2025. Half of those insured Canadians.

Avatar photo Jayden Dakin is a seasoned financial analyst and writer with a deep passion for decoding economic trends and market movements. With a background in financial consulting and investment research, Jayden brings a sharp analytical perspective to complex financial topics, helping readers navigate the intricacies of wealth management, stock market dynamics, and global economic policies. Before joining Financial Magazine, Jayden worked in corporate finance, advising businesses on financial planning, risk management, and capital allocation strategies. With expertise in macroeconomic forecasting and investment strategy, Jayden’s work provides readers with actionable insights on market opportunities, portfolio diversification, and emerging financial innovations. Beyond writing, Jayden enjoys studying behavioral finance, exploring the intersection of economics and technology, and mentoring young investors on building sustainable wealth.

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Insurance

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What to know about insurance before buying a high-theft vehicle

Auto theft rates might be on the decline in Canada, but high claims costs and the tariff dispute mean insurance rates have yet to drop.

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Auto theft rates might be on the decline in Canada, but high claims costs and the tariff dispute mean insurance rates have yet to drop.

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