I’m 58 years old, single and simply over the daily grind. I've got $970K stashed in my RRSP — can I retire today? You’ve hit ...

The penalty for overcontributing to an RRSP is one per cent per month for each month the overcontribution (beyond a $2,000 ...

The answer to when you can safely retire depends on several factors specific to an individual’s unique circumstances ...

Looking for the best RRSP rates in Canada? Learn how you can guide your clients to smarter savings and stronger long-term ...

The Home Buyers’ Plan allows first time home buyers to use a portion of the money they’ve contributed toward their RRSP for a ...

The RRSP itself has been used as a tool for prospective buyers to save up for the purchase of a home thanks to the Home Buyers’ Plan, which allows Canadians to withdraw up to $35,000 from their ...

RRSP withdrawals are considered taxable income in the year you make the withdrawal. This means they’re added to your other sources of income, like your salary or investments, ...

Before we get into how RRSP matching works, we need to define the difference between group RRSPs and RRSP matching. A group RRSP is a program offered by an employer and usually managed by an ...

The answer lies, again, in the tax structure. When you put money into a TFSA, you do not receive a tax credit. But you do with an RRSP, and when you use it correctly, this credit can be a powerful ...

The deadline to contribute in a registered retirement savings plan is on Monday. Canadians have until March 3 to make any RRSP contributions count towards deductions for the 2024 tax year. Any ...

There is the T2033 form, which is an RRSP-to-RRIF transfer form that moves the money from the bank to the insurance company. How buying an annuity works.