How To Use Your RRSP To Purchase A Home
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...
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Retirement Planning
RRSP Deduction limit, Carry Forward and Over-Contribution Rules
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...
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How To Generate Retirement Income From Your LIRA
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...
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10 Financial Steps To Take Before You Retire (Pre-Retirement Checklist)
Planning and organizing your retirement is one of the most rewarding tasks you can do for yourself. Starting early and not waiting until your last day on the job, ensuring you have the required...
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An Overview of Provincial Government Benefits for Seniors
Previously, I wrote about federal government retirement benefits available to seniors in Canada. In this follow-up article, I summarize the provincial retirement benefits (income) that seniors have...
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When You Should Prioritize TFSA Over RRSP
We are lucky as Canadians to have access to a variety of tax-sheltered accounts (including RRSP and TFSA) that we can use to grow our retirement pots and/or save in general. Deciding between TFSAs...
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Freebies and Deals
