Can You Have Multiple TFSA Accounts?
by Enoch Omololu, MSc (Econ)
If you are wondering whether you can have multiple TFSA accounts, the answer is ‘Yes.’ Canadians can open several Tax-Free Savings Accounts (TFSA) at the same time and remain in …
Pros and Cons of Taking CPP at Age 60 (2022 Detailed Guide)
by Enoch Omololu, MSc (Econ)
Should you take CPP early at age 60, wait until the standard retirement age of 65, or even delay until 70? Deciding when to take the Canadian Pension Plan (CPP) …
How Many Years Do You Have To Work To Get Maximum CPP?
by Enoch Omololu, MSc (Econ)
A popular question from soon-to-be retirees is, “How many years do I have to work to get the maximum CPP?” The Canada Pension Plan (CPP) makes up a good portion …
Early Retirement in Canada: What You Need To Know in 2022
by Enoch Omololu, MSc (Econ)
The normal age to retire and start receiving a pension in Canada is 65. This is when your Old Age Security (OAS) kicks in and when you get an ‘unreduced’ …
Can You Withdraw RRSP Funds Before Age 65?
by Enoch Omololu, MSc (Econ)
When can you withdraw from your RRSP? The fact is that you can make withdrawals from your RRSP before 65. Other than at age 71 when you are required to …
Do You Pay Taxes on RRSP After Age 65?
by Enoch Omololu, MSc (Econ)
Registered Retirement Savings Plans (RRSPs) are one of the main investment accounts Canadians use to save for retirement. While an RRSP grows tax-free during your accumulation years, taxes become due …
How Much RRSP Should I Contribute To Avoid Paying Taxes?
by Enoch Omololu, MSc (Econ)
When someone inquires about how much RRSP they should contribute to avoid paying taxes, three things come to mind. They could be thinking about limiting the taxes they pay when …
How Much RRSP Should I Contribute in 2022?
by Enoch Omololu, MSc (Econ)
This article covers how much you can contribute to your RRSP, how to determine your RRSP contribution and deduction limits, RRSP over-contribution penalties, and more. The Registered Retirement Savings Plan …
How Much RRSP Should I Have at 30?
by Enoch Omololu, MSc (Econ)
If you are in your 30s and wondering how much money you need to have saved in your RRSP, you are not alone. As per Google, a popular question Canadians …
How Much RRSP Should I Have at 40?
by Enoch Omololu, MSc (Econ)
How much money will you need to retire comfortably in Canada? This all-important question often leads Canadians to ask other pertinent questions such as ‘how much RRSP should I have …
