The Registered Retirement Savings Plan (RRSP) is a great place to put stocks that you plan to hold for years and even decades. Why? When you deposit money into an RRSP, you get a tax rebate that you ...

If you're already dreading filing your taxes in Canada this year, don't worry. Tax season can feel overwhelming, especially with all of the expenses you have to track and the credits and benefits you ...

When it comes to saving for the future, Canadians have access to two powerful tools: the Tax-Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). Each offers unique benefits ...

The RRSP (Registered Retirement Savings Plan) is not my first choice of CRA (Canada Revenue Agency) registered plans to use in my investment strategy. However, it is a very useful tool. Unlike the ...

Did you know that you have to turn your registered retirement savings plan (RRSP) into a registered retirement income fund (RRIF) by the age of 71? Not many people know it, but it’s true. Once you ...

Four things happen when you withdraw money from your RRSP to pay off debt. First, you get money to pay off your expensive debt and probably feel a lot of relief. Lesley-Anne Scorgie is a Toronto-based ...

Filing one’s own taxes can be intimidating, but it doesn’t have to be. There is a wide range of free return software available today, and it couldn’t be less intimidating or simpler to file taxes on ...

Turning 71 is an important milestone for Canadians as it marks the year you must decide what to do with your RRSP. You have three main options: Withdraw the money, purchase an annuity or, what most ...

Fewer Canadians contributed to registered retirement savings plans (RRSPs) in 2022 compared to the previous year, according to a report from Statistics Canada (StatCan). A total of 6,268,950 Canadians ...

Some homeowners find the idea of holding their mortgage in their RRSP appealing, particularly as interest rates remain relatively high. While not a commonly used strategy, a “non-arm’s length mortgage ...

Those interested in making a final RRSP contribution before the end of the tax season are being reminded of a very important change in date this year. 2024 is a leap year and that means instead of the ...

Because 2024 is a leap year, the RRSP deadline falls on Feb. 29, not on March 1. That means our clients have about a week to top off their RRSPs for the 2023 tax year. This deadline is important if ...