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  • A
  • Amortization
    Number of years over which the principal and interest of a loan are paid. The maximum amortization period for a mortgage loan is 25 years.
  • Assets
    All of the tangible and intangible property belonging to a company or to a person: money, equipment, securities, buildings, etc.
  • D
  • Decile
    In the Morningstar ratings, the term decile refers to the positioning of a mutual fund in relation to other funds in its peer group. For...
  • F
  • Family trust
    Financial tool that enables members of a family to reduce their taxes while providing for the financial future of their descendants or heirs who have...
  • G
  • Group RRSP
    Plan in which participants invest in order to receive a retirement income. A customized Group RRSP meets the requirements of the Voluntary Retirement Savings Plans...
  • H
  • Home Buyers' Plan (HBP)
    Program which under certain conditions enables you to borrow funds from your Registered Retirement Savings Plan (RRSP) to buy or build a home. The maximum...
  • I
  • Incapacity
    Inability of a person to administer his or her property for the following reasons: degenerative mental illness stroke intellectual disability head injury age-related impairment
  • Income splitting
    Method of transferring, in the form of a gift or a loan, part of the income of a person in a higher tax bracket to...
  • Individual Pension Plan (IPP)
    Registered defined benefit pension plan that enables a company to save for the retirement of a key employee or a major shareholder.
  • Investment vehicle
    Generic term for a variety of financial products in which one can invest and grow one’s money: RRSP, mutual funds, etc.
  • J
  • Joint-stock corporation or company
    "Artificial person" that can own property and enter into agreements in its own name. Legal entity belonging to the shareholders, who are not personally responsible...
  • L
  • Lease
    Financing method that enables you to buy property (movable or immovable) at the end of a lease contract. No down payment is required. Rent paid...
  • Life income fund (LIF)
    Registered account to which sums accumulated in a LIRA can be transferred.
  • Lifelong Learning Plan (LLP)
    Plan that enables you to withdraw funds from your RRSP to finance full-time training or education for you or your spouse. The withdrawal limit is...
  • Locked-in Retirement Account (LIRA)
    Account to which “locked-in” sums from an employer pension plan, certain annuity contracts, or another LIRA can be transferred.
  • M
  • Median
    The median value of a category is the mid-point of that value's distribution for all funds in a sample. For instance, one half of the...
  • Morningstar rating
    Morningstar is a leading provider of independent investment research in North America, Europe, Australia, and Asia. Morningstar provides data and research insights on a wide...
  • Mortgage loan
    Loan for the purchase of a home or other property which is paid back over many years. The property serves as security for the repayment...
  • Mortgage term
    Period during which the terms and conditions of your loan remain in force. For example: a mortgage amortized over 25 years with a 5-year term...
  • P
  • Portfolio
    Term that designates all the financial assets, securities or investments held by an institution or an individual.
  • Q
  • Quartile
    The quartiles divide the data into four equal regions. Expressed in terms of rank (1, 2, 3 or 4), the quartile measure shows how well...
  • Québec enterprise number (NEQ)
    Numerical identifier assigned to a business when it registers in the enterprise register.
  • R
  • Recession
    Temporary phase of an economic cycle defined by a decrease in economic activity. Practically speaking, the term recession can be used when real gross domestic...
  • Registered Education Savings Plan (RESP)
    Allows savings for education to grow tax-free and gives entitlement to government grants. Plan funds are used to pay for the post-secondary education of your...
  • Registered plans
    Savings plans or registered investments designed to help individuals save primarily for retirement or to obtain tax deferrals, depending on the product chosen. General features:...
  • Registered Retirement Income Fund (RRIF)
    Registered account to which sums accumulated in an RRSP can be transferred. Income earned in an RRIF is tax-exempt. Amounts paid out of an RRIF...
  • Registered Retirement Savings Plan (RRSP)
    Plan in which participants invest in order to receive a retirement income. Contributions are tax deductible. Capital gains and income earned in the plan are...
  • Risk tolerance
    An investor’s capacity to accept a substantial decrease or loss in value of the investments in their [itg-glossary glossary-id="5340"]portfolio[/itg-glossary]. The risk level is often proportional...
  • S
  • S&P/TSX Index
    The S&P/TSX is a Canadian benchmark index which represents about 70% of the total market capitalization of the Toronto Stock Exchange (TSX) and which includes...
  • Share
    Ownership security or share of the capital of a company held by a shareholder in the business.
  • Supplemental Pension Plan (SPP)
    The two main types of supplementary pension plans to which employers and employees can contribute are: Defined benefit plans The amount of benefits is fixed...
  • T
  • Tax Free Savings Account (TFSA)
    Savings account that enables individuals age 18 or over to earn investment income tax-free. The annual contribution limit may vary. Sums withdrawn from a TFSA...
  • Transfer duties
    Registration duties paid to the municipality when buying a property. Also called "welcome tax," these duties are payable within 30 days following receipt of the...
  • U
  • Unit value
    Indicator of the market value of a single unit, security, bond or share held in an investment fund.
  • V
  • Volatility
    Term designating the variation in the price of a security over a given period.
  • W
  • Wealth management
    Service that takes charge of managing your investments and covering the seven areas of financial planning: taxation, legal aspects, investments, retirement, finances, insurance, estate.
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