Planning Ahead: When Should you Start Collecting CPP?

The Canada Pension Plan (CPP) provides eligible individuals with a partial replacement of earnings in retirement. If you are approaching retirement, you may be asking: when should I start taking CPP benefits? For some, the timing decision is based on a “collect now and think about it later” approach. But, if you are in good health and can afford to live without CPP in the short term, delaying payments can make a difference in the amount received.
The standard age […]

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GIC Rates Centre

Precision Wealth Management is pleased to announce the launch of our GIC centre on the main website. Please look at banner at the top for Today’s GIC Rates. We update daily. We will add an option to have you sign up for a weekly email showing best rates of the week.
As Registered Deposit Brokers we can offer you the best GIC rates from dozens of major financial institutions. Because we are independent, we have access to many institutions and […]

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Get the ‘Need to Know’ on GICs

Are you looking for a secure investment for your assets? Like any plant that needs proper care and attention to thrive, you can make your money grow over time with the most reliable investment available to you—Guaranteed Investment Certificates (GICs).
So What Exactly is a GIC?
GICs are conservative investments that guarantee to preserve your principal. Why get one? This Canadian investment offers a guaranteed rate of return over a fixed time period. Your investment earns interest, at either a fixed […]

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Royal Mutual Fund dealer violates sales practices rule—will pay over $1 million

After violating the sales practices rule and paying reps higher commissions to sell its proprietary funds, Toronto-based Royal Mutual Funds Inc. has been ordered by the Ontario Securities Commission (OSC) to pay more than $1 million to settle these allegations.
The firm is ordered to pay a $1.1 million administrative penalty and $20,000 in costs. In light of this news, we would like to highlight some important advantages that you the client can enjoy with Precision Wealth Management.
First of all, […]

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