A Registered Retirement Savings Plan is one of the principal investment vehicles Canadians use to set money aside for retirement. In addition to retirement, you can also use funds in an RRSP account...
Read More
The RRSP is generally well known as the best investment account to save for retirement in Canada. The TFSA is a close second. In addition to planning for retirement, the RRSP has other uses...
Read More
This is a sponsored post by Sun Life Financial. All views and opinions expressed represent my own. The registered retirement income fund (RRIF) and annuity are two of the most popular...
Read More
When you are turning 65 or getting to the ripe golden age of 71, there are several financial steps you should be taking to put your retirement finances in order. Age 65 is the standard age often...
Read More
Updated for 2019! The Guaranteed Income Supplement (GIS), Allowance, and Allowance for the survivor are additional income-tested benefits available to low-income seniors through Old Age...
Read More
The Old Age Security (OAS) pension is one of the three main pillars of Canada’s retirement income system. The two other pillars are the Canada Pension Plan (CPP) and Employment Pension...
Read More
The Home Buyers’ Plan allows first-time homeowners to withdraw money from their Registered Retirement Savings Plan (RRSP) and put it towards their home purchase. As an individual, you can...
Read More
Updated in 2019 New and interesting changes to the CPP were unveiled this week at the meeting of finance ministers, and will go into effect in 2019. These changes are in addition to the ones...
Read More
Putting money away in an RRSP is the popular Canadian way to save for retirement. And, when you think about it, why not? The government offers a tax-sheltered account to grow your funds during your...
Read More
A locked-in retirement account (LIRA) is designed to hold pension funds that you have accumulated in a company pension (defined benefit or defined contribution) when you no longer work for the...
Read More
