The slang "buck" or "bucks" when referring to money is so common-place that no-one really questions it's oddity. But it turns out that the word "buck" is short for …
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Don't Qualify for the Lifelong Learning Plan? Who Cares…
Mike from the Quest for Four Pillars blog commented on a post I had written about the Lifelong Learning Plan. He mentioned that if he were ever considering going back to school, he would be inclined …
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When Not Paying Back the Home Buyer's Plan or Lifelong Learning Plan Can Make Sense
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. The programs …
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, then you can …
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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 have matured your …
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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 it earlier - …
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