Archives for November 2007

Are RRSP's the best way to save for retirement? Part 2 of 3

November 27, 2007 By Preet Banerjee

From what we have seen from Part 1, it seems that RRSP's deserve some more attention than previously afforded. Not in so much as to promote them further, but rather to see if they …

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Are RRSP's the best way to save for retirement? Part 1 of 3

November 27, 2007 By Preet Banerjee

You may be surprised to learn that there are many people who absolutely detest the idea of RRSP's. I remember a meeting with a senior citizen, well into retirement, who became …

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Minimizing the RRSP Withholding Tax on Withdrawals

November 27, 2007 By Preet Banerjee

You'll recall that withdrawals from your RRSP are normally included as income in the year that you make the withdrawals (save for a few exceptions). If you happen to be in a low …

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Lifelong Learning Plan (LLP): Borrow from yourself to finance your education

November 26, 2007 By Preet Banerjee

This program has a lot of similarities to the Home Buyer's Plan. The Lifelong Learning Plan (LLP henceforth) is a program that allows you to make a zero-interest loan to yourself …

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