All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Making the most of the pension tax credit + MORE Nov 29th
Ask MoneySense
I liked your coverage of RRIF taxation. I would like to see more information on LIF taxation. More precisely, on the following scenario: Individuals do not get the $2,000 tax credit for RRIF withdrawals before age 65. Did I read properly that for LIF withdrawals the $2,000 tax cr.... More »
Making sense of the markets this week: December 24, 2023 Dec 28th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
It’s a tough job, but…
It’s really hard to predict what the investment world will do. It’s even harder to predic.... More »
Financial hardship withdrawal exceptions and increasing income in retirement + MORE Apr 4th
Ask MoneySense
I am in B.C., Canada. I moved my LIRA into a LIF two years ago. I have taken the maximum annual withdrawals for each year. I thought it’d be smart to start taking it. How can I get more out of it? I need the funds to help deal with bill payments. All my monthly i.... More »
Stock news for investors: Rogers posts loss, Teck profit surges Jul 25th
Here’s a round-up of news for Canadian investors this week.
Rogers
Teck
Scotiabank
Sleep Country
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.... More »
Stock news for investors: Quarterly profits up at Shopify, Brookfield; down at Suncor, Reuters Aug 8th
Here’s a round-up of news for Canadian investors this week.
Shopify
Suncor Energy Inc.
Brookfield Asset Management
Parkland Corp.
Thomson Reuters
Featured RRSP Accounts
featured
EQ Bank
.... More »
Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options Canadian parents have to save for their children’s education.
I know you’ve heard of an RESP before. The registered education savings plan (RESP) has been around for nearly 50 years, helping Canadian parents, grandparents and guardians save up for a child’s post-secondary education. Since the RESP’s 1974 launch, however, the government has created other accounts designed to help Canadians grow their savings, like the tax-free savings account (TFSA), and many banks have launched a high-interest savings account (HISA). With all of these options, you might be wondering if an RESP is still the best way to save for your child’s education.
It’s a great question that I often hear from parents, who are understandably worried about the growing costs of higher education…
