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There used to be an assumption that tying the knot also meant tying funds into one family pot. During a time when people married at younger ages, sometimes even before graduation from college or a first job, joint finances grew organically alongside their march into adulthood.
I have spent much of my professional life looking at how financial systems treat consumers. However, some of the most painful financial stories I hear don't start in a bank office or an advisor's boardroom. They start at home, with a partner whose money habits quietly undermine everything a couple is trying to build together.
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Are you aware that in Canada, your deposits may be protected if your financial institution were to fail? Do you know the coverage limits, how much is protected, and how? Let’s dive into the corporation that was established by the government of Canada to keep your deposits safe and secure, CDIC.
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By Zayla Saunders, Sr Associate, Online Distribution, BMO ETFs
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By Zayla Saunders, Sr Associate, Online Distribution, BMO ETFs