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- Of the 56% of Canadians who have a will, 85% will be leaving the money to family, a new poll for BMO Harris Private Banking has found. Broken down, 60% of the assets are going to children, 25% to other family members and 3% to friends and charities respectively. Of those without a will, 60% plan to draft one in the future. For more information on wills, check out our estate planning section.
- Vanguard said Wednesday it’s on track to launch a new series of low-cost ETF funds with fees starting at 0.15%. “While you cannot control what happens in stock or bond markets, one thing an investor can have a degree of control over is what they pay,” Atul Tiwari, managing director of Vanguard Investments Canada, said in a press release. “Over the long-term, the compounding effect of fees can detract significantly from actual performance.” Here’s what MoneySense magazine had to say about Vanguard’s ETFs.
- She Thinks I’m Cheap blog details three bad habits that are draining your wallet of $5,000 a year.
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