Updated:
Glossary term
T-REX Score (Total Return Efficiency Index)
T-REX Score (Total Return Efficiency Index) — Larry Bates' metric from 'Beat the Bank': share of compound return you keep after MER. 100% = perfect (no MER). 60% = $40 of every $100 of potential gain went to the fund. T-REX below 70% = switch to self-directed ETF.
Related terms
CRA
Canada Revenue Agency — federal tax authority. Administers income tax, GST/HST, RRSP/TFSA/FHSA contribution r…
CCB
Canada Child Benefit — tax-free monthly payment for families with children under 18. Amount depends on family…
OAS
Old Age Security — federal pension benefit for residents 65+. Max $727/mo (2026) depends on years of Canadian…
CPP
Canada Pension Plan — contributory pension. Employee + employer each pay 5.95% of earned income up to YMPE $7…
RRIF
Registered Retirement Income Fund — conversion of RRSP to a retirement income vehicle. Must be done by end of…
LIF
Life Income Fund — locked-in RRIF converted from locked-in pension funds (LIRA). Has minimum AND maximum annu…
Want this explained for your situation?
30-minute discovery call, no fee — we'll show how this term applies to your specific case.
Free discovery call