Many people ask their RRSP issuer to take money directly from their bank accounts the day after they have their pay cheques deposited. On the other hand, there are droves of people who take out a loan …

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If you would like to claim your RRSP contribution(s) for a given tax year, you need to make the contribution(s) before the first 60 days of the following year. So for example, if you wanted to ensure …

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Continuing from Part 1 and Part 2, it's looking like saving for retirement through RRSP's versus non-registered portfolio savings is almost neck and neck - albeit having made some fairly large …

Continue Reading about Are RRSP's the best way to save for retirement? Part 3 of 3 →

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 are truly in your …

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

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 visibly red in the face …

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

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 income year and have …

Continue Reading about Minimizing the RRSP Withholding Tax on Withdrawals →