Beyond TFSA vs. RRSP: A Smarter Tax Strategy for 2026
Every year we circle back to the same financial fork in the road: TFSA vs. RRSP. Both are excellent, tax-advantaged tools that work best when used intentionally.
Jan 9, 2026 5 min read
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RRSP power
The million-dollar money machine I call the RRSP “a million-dollar money machine” because it’s the most tax-efficient retirement saving vehicle available to Canadians. Here are five key reasons why. 1. You can retire with a million bucks An RRSP is such a...
Power up your RRSP planning now!
Make the most of this wealth-creation tool all year Many investors only think about their Registered Retirement Savings Plan (RRSP) in February. But that’s really just a conditioned reflex, spurred on by financial institutions to get you to give them money in the...
RRSP still the best choice for most Canadians
Powerful tax-deferred retirement savings plan Registered Retirement Savings Plans (RRSPs) are still the best retirement saving and tax-deferral opportunity available for most Canadians. Trouble is, many of us just don’t use RRSPs to their full advantage. Unused...
How to get tax-free money in 2020
These plans will help you create tax-free dollars If your New Year’s financial resolutions have already evaporated, despite your best intentions, you might try just one more: create tax-free dollars. There’s no special magic involved here. Nor is there any...
Creating an income stream when your RRSP matures
Three basic RRSP maturity options Unlike a Tax-Free Savings Account (TFSA), a Registered Retirement Savings Plan (RRSP) does not last forever. In fact, it has a specific date by which you must collapse the plan and choose one of three main options for what to do...
IPPs and Group RRSPs offer flexible pension options
Plans to keep both bosses and workers happy There are flexible alternatives to conventional pension plans for both employers and employees. For employers, offering a Group Registered Retirement Savings Plan (RRSP) as a benefit can be more attractive to potential...
Six rules for RRSP success
Key investment principles This year, the RRSP contribution deadline for getting a 2018 tax deduction is March 1. You still have four weeks to make a contribution, and that’s plenty of time to discuss the best strategy with your financial advisor. To make sure you...
Is $1 million enough to retire on?
Let’s say you’ve accumulated a nest egg of $1 million at age 65, through pension plans, perhaps a significant RRSP, TFSA contributions, some inheritances, and possibly some money left over from downsizing your home. You’re ready to retire, and you have to decide...
How to retire with $1 million
Reach that magic number even if you start at 40 It’s sometimes said that you need at least a $1 million retirement fund to maintain the kind of lifestyle you want after age 65. But starting at, say, age 40, can that even be done? The good news is that it is...
Businesses increasingly use DPSPs and Group RRSP combo benefits
Employer contributions and tax savings can really add up Employers often use group benefits as a way to attract and retain their best employees. The most popular group benefits typically offer the most flexibility for employees and the lowest costs for employers....
How to take advantage of the Home Buyer’s Plan
A source of funds for first-time home buyers Looking for a source of funds as a down payment on your first home? If you have a good chunk of money sitting in your Registered Retirement Savings Plan (RRSP), you may be eligible to use some of it towards the purchase...