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OTHER, SELF-PUBLISHED

Hearts and flowers and money

Getting serious? Get serious about money too Couples getting seriously romantic on Valentine’s Day often take that first step to tying the knot. Congratulations! But before things get too far advanced, it might be an idea to have another kind of heart to heart –...

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What you need to know about RRSPs

How much you can contribute, what investments you can hold For most Canadians, a Registered Retirement Savings Plan (RRSP) is still the single best way to grow a retirement nest-egg while deferring taxes. In fact, it is such a powerful retirement savings vehicle...

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Offering employees enhanced retirement benefits

DPSPs, Group RRSPs, and IPPs  In today’s highly competitive labour market, employers have been upping their game to attract and keep the best talent. Offering lucrative group benefits for employees and premium  pension benefits for executives as part of an enhanced...

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Finding funds for RRSP contributions

There are more sources of funds than you might think The Registered Retirement Savings Plan (RRSP) is the single most powerful tax-deferral vehicle available for Canadians saving for their retirement. That’s because contributions are tax-deductible in the year they...

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Elements of registered savings plans

First steps to financial literacy When it comes to registered savings plans, Canadians have two popular options: Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs). Each has its advantages and drawbacks. But ultimately, there’s no...

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A vaccine against personal financial chaos

Key financial planning principles and resolutions for the New Year This year will go down in the books as one of the strangest, and perhaps most stressful, on record. The Covid-19 pandemic and resulting disruptions to our normal lives has been challenging for all...

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Important RRSP information if you are turning 71

What you must do before Dec. 31 Registered Retirement Savings Plans do not last indefinitely. In fact, they must be closed down by the end of the year in which you turn 71. So if you are in that age group this year, you have until Dec. 31 to convert your RRSP into...

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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...

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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...

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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...

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RRSP contribution rules

Still the most effective retirement savings plan there is The Registered Retirement Savings Plan (RRSP) is still the most effective retirement saving and tax deferral vehicle available to Canadians. Because it’s such a powerful savings tool, it makes sense for...

SELF-PUBLISHED

Now’s the time for RRSP planning

Don’t wait until the last day of February! Typically, you’ll get the RRSP contribution song and dance starting somewhere in January and lasting until the end of February. It’s really just a marketing push by financial institutions to scare you into giving them...

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