When it comes to retirement savings in Canada, the venerable Registered Retirement Savings Plan (RRSP) is considered a foundational tool — a tool that helps almost every Canadian to save and plan for ...

A: The first step in determining whether a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA) is the best vehicle for saving for retirement is to anticipate how your tax ...

2024 data gave us a pretty rough look at how Canadians are doing with their Tax-Free Savings Accounts (TFSAs). For ages 40 to 44, the average TFSA balance was around $17,000, which isn’t great for Gen ...

A Registered Retirement Savings Plan (RRSP) offers Canadians two significant tax advantages: contributions are tax-deductible from your annual income, and investment gains grow tax-deferred until ...

If you’re already dreading filing your taxes in Canada this year, don’t worry. Tax season can feel overwhelming, especially with all of the expenses you have to track and the credits and benefits you ...

If you're already dreading filing your taxes in Canada this year, don't worry. Tax season can feel overwhelming, especially with all of the expenses you have to track and the credits and benefits you ...

RRSP season – usually defined as the 60 days leading up to the March 3 contribution deadline – is dwindling in popularity in favour of people making year-round contributions. Instead of clients ...

When it comes to saving for the future, Canadians have access to two powerful tools: the Tax-Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). Each offers unique benefits ...

The RRSP (Registered Retirement Savings Plan) is not my first choice of CRA (Canada Revenue Agency) registered plans to use in my investment strategy. However, it is a very useful tool. Unlike the ...

To help save for retirement, Canadians are encouraged to contribute to a registered retirement savings plan (RRSP) each year. The amount you can contribute is based on 18 per cent of the prior year’s ...

Four things happen when you withdraw money from your RRSP to pay off debt. First, you get money to pay off your expensive debt and probably feel a lot of relief. Lesley-Anne Scorgie is a Toronto-based ...

Filing one’s own taxes can be intimidating, but it doesn’t have to be. There is a wide range of free return software available today, and it couldn’t be less intimidating or simpler to file taxes on ...