Implications of being uninsured in a motorvehicle accident
I had a motor vehicle accident which I have no insurance for. One of the vehicles involved is a new Porsche. I have been saving to buy a house for a while and was planning to buy in September. Can I lose it? What assets would I be able to keep? The financial repurcussions are unknown to me and I need information desperately. Also if my wages are garnished how much will it be for and for how long would it go on? I realise that you may not know the answers to all of this but ANY assistance or direction would be very appreciated. Thank...
Read Answer >>

Guaranteed Investment Certificate
What is a flexible GIC? (I can't find it in your dictionary) What is the difference between an ordinary GIC and a flexible GIC. Thanks for your...
Read Answer >>

Locked-in RRSP
I received a locked in RRSP as a result of divorce. I lived in Manitoba for the duration of our marriage, and now reside in Ontario. I wish to apply for financial hardship, and cash in my RRSP. I was told that I could not because it was originally from Manitoba. Is there any other avenue I can pursue this in? I have heard that there were companies that would buy my RRSP, for a cost. Is there a federal division that I can apply at? I am a single mother on a very limited income, and could very much use this $$ now rather than when I am 65. If I can't directly cash the RRSP in, can I use it for a down payment for a house? thank you for your...
Read Answer >>