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It can mitigate risk, and also provide additional trading opportunities not obvious on the price chart. A value of -100 ( inverse correlations) show two forex pairs that move exactly opposite each other. A figure of 100 means two forex pairs move together.

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There are many different types of account you can use to save, for various savings goals. Speak to a registered financial advisor to learn more about the different types of savings accounts and which one(s) will work best for your own personal financial needs and goals.

Contributions to a TFSA are made with after-tax dollars, and making a contribution to the plan with the lump-sum you received would not prevent you from paying taxes on the sum. The Canada Revenue Agency requires you to pay income taxes on severance pay. As tax rules are enforced by the Canada Revenue Agency, if you have questions we suggest you, contact them.