It’s “RRSP season” and once again there is a scramble among a substantial proportion of Canadians to put a 2021 contribution together by the March 1, 2022 deadline. If the cash is not available, the classic option has been to get an RRSP loan from...
Read More
An Introduction to Investment Planning – Part 6 1. Contribute to your Tax-Free Savings Account (TFSA) As of 2020 your contribution room has increased another $6,000. If you have been age 18 or older since 2009, and a resident of Canada throughout that period, you now have...
Read More
An Introduction to Registered Plans – Part 1 What is a Registered Retirement Savings Plan? An RRSP is an individual account that has been registered with the Canada Revenue Agency (CRA). Because it is registered, allowable contributions are tax-deductible if they are contributed in the year or...
Read More