Rona Birenbaum, a certified financial planner and founder of Toronto-based Caring for Clients, says part-time income could ...

Differences between a Spousal RRSP and an Individual RRSP The main difference lies in the tax implications and contribution considerations. Contributions to a Spousal RRSP are made by the higher ...

This charge has increased over time and is typically $125 or $150 per account. Transferring registered accounts (i.e.

Making the most of your Registered Retirement Savings Plan (RRSP) isn’t just about saving for retirement — it’s also about using strategic timing to maximize your tax benefits. With ...

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 ...

Can you transfer a RRIF to a TFSA—and what are the tax implications? If you’ve accidentally overcontributed to your RRSP, you may pay a tax penalty. Here are your options for promptly ...

Tax will be withheld before the amount is paid to you ... Please contact Sun Life if you are considering any withdrawal to make sure you understand the implications. You must convert your RRSP to some ...

But experts say there are also several ways and strategies Canadians can use to optimize their RRSP for increased tax efficiency and savings. One of the first points to consider is how much money you ...