Investing can be risky, but diversification can help make your portfolio immune to the effects of economic cycles. Investing can be risky. It’s an indisputable fact that any investor must face when deciding what to do with their hard-earned wealth. But Martin Lefebvre says taking smart risks can bring rewards, if you understand what’s involved. “The first thing is to know your own true risk tolerance,” says Mr. Lefebvre, vice-president, chief investment officer and strategist at National Bank Private Banking 1859.

While money contributed to an RRSP is taxable when withdrawn, contributions to a TFSA are made with after-tax dollars and are not subject to any further taxation. As a result, every dollar in a TFSA will be earning tax-free interest.

If you are working for a company that offers a Group RRSP, chances are that the plan is worth looking into. Essentially, a Group RRSP is a fund set up by an employer which is comprised of the individual RRSPs of contributing employees. Participation in a Group RRSP is generally optional and contributions are made through regular payroll deductions.


On June 22, National Bank will offer clients access to the world of responsible investment with the launch of its new guaranteed investment certificate (GIC), the Socially Responsible GIC – Canadian Market. This tangibly demonstrates the Bank’s commitment to social responsibility and its desire to allow all investors to act on their environmental, social and governance (ESG) concerns. This GIC is a brand new way to make equitable investments, without compromising on returns!

Each investment product has its own risk profile. Some carry very high risk, others very low. For most investors, the