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If you have lots of money in index funds like the iShares S&P/TSX 60 Index Fund (TSX:XIU), you might be just fine taking CPP early.
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 ...
Best RRSP savings accounts EQ Bank RSP Savings Account*. At 1.75%, EQ Bank offers one of the highest interest rates available on an RRSP savings account in Canada.
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 ...
The Home Buyers’ Plan allows first time home buyers to use a portion of the money they’ve contributed toward their RRSP for a ...
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, ...
If you're making your RRSP contributions every year or even if you want to start, here are the best savings accounts specifically for RRSPs as researched by Forbes Advisor Canada.
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 ...