If you are aware of the Home Buyer's Plan or the Lifelong Learning Plan, you know that there are ways you can get money out of your RRSP (temporarily) through tax-free withdrawals. …
You can make Spousal RRSP Contributions after Age 71
It is still possible to make RRSP contributions after the year in which you turn 71 - just not to your OWN RRSP. If you have a spouse or common-law partner who is younger than you, …
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You can Claim Unused RRSP Deductions after Age 71 too
You may remember that you can make an RRSP contribution in a given year but carry forward the resultant RRSP deduction until a future year. This rule still applies even after you …
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Free Money? Consider A RRIF before age 71 to Save Tax
Just because most people will naturally wait until the last minute to convert their RRSP account to a RRIF account (the year they turn 71), there is a good reason to consider doing …
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