Looking for the best RRSP rates in Canada? Learn how you can guide your clients to smarter savings and stronger long-term ...

A MoneySense reader wants input on the tax implications of her investment withdrawals, but she can’t get a straight answer ...

Contrary to popular belief, you can withdraw from your RRSP anytime. However, just because you can, doesn’t mean you should. Early withdrawals can have significant tax consequences and affect ...

For example, assuming you contributed the maximum RRSP amount in the 2022 tax year, and you make $65,000 per year, you would be able to contribute approximately $11,700 for the 2023 tax year.

TD Canada Trust quietly announced it will double its Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account ...

If you are a U.S. tax resident, there will be tax implications– and potential credits– for withdrawing money from an RRSP and transferring it to a U.S. retirement or taxable account.

RRSP assets can transfer from one institution to another without triggering any tax consequences, says David Burnie, certified financial planner (CFP) and partner at Ryan Lamontagne Inc. in Ottawa.

The transaction is tax-neutral rather than a straightforward tax-deferred rollover because the multi-step process requires additional funds to top up the RRSP contribution in Canadian currency, making ...

I had a locked-in pension, which I converted to a life income fund (LIF). I also took advantage of the ability to unlock up to 50% of the LIF within 60 days and put $120,000 into an RRSP. I did ...

2. If you make roughly $100,000 or less. Ms. Hasan says anyone making under $50,000 should focus on their TFSA or FHSA, since the tax deferral benefits for the RRSP are quite small if you’re in ...

An RBC RRSP can be used to set money aside for retirement and derive tax benefits. RBC’s RRSPs come with digital tools and human advisors, if needed.