I occasionally hear, either in writing or in person, that saving for retirement is almost hopeless. The argument is that they are living paycheque to paycheque, and that there is simply no point in even trying. Consequently, and perhaps with a wry smile, they say...
Read More
“If you want good investment performance, forget you have an account.” This seems like an unlikely recommendation. Nor does it sit well with us. “Don’t just sit there; do something!” Isn’t that the usual guidance we receive? However, action doesn’t seem to work so well with...
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 3 The Tax-Free Savings Account (TFSA) was introduced into law as part of the 2008 federal budget and became a part of the registered plan landscape in 2009. The timing was auspicious as the world economy had fallen into...
Read More
An Introduction to Registered Plans – Part 2 You’ve saved up all that money in your RRSP. Now what? The Registered Retirement Savings Plans, intended to encourage saving for retirement, was introduced by the Government of Canada in 1957. If you have saved inside an RRSP, eventually you...
Read More