Stock market news for investors: Rogers hopes sports deals will boost share price, National Bank buys PGM Global Holdings Apr 24th
U.S. set to lose $12.5 billion in international visitor spending as global tension escalates + MORE May 14th
Canadian Tire bidding on Hudson’s Bay assets, sources say - BNN Bloomberg May 1st
Engadget Podcast: Switch 2 review, Summer Game Fest and WWDC 2025 - Engadget Jun 13th
The wealth gap in Canada is wider than ever + MORE Jul 24th
Should you max out your RRSP before converting it to a RRIF?
– moneysense.ca
My husband and I retired last September. We have moved into a condo and are now travelling. Enjoying life but I’m concerned about his RRIF. My husband turns 71 in June 2025. So, I understand we can contribute to his RRSP for 2025 before he turns 71 and claim the contribution for the 2025 tax year but what happens next?
—Chris
When to convert an RRSP to a RRIF
Congratulations on your retirement, Chris. Glad to hear you and your husband are enjoying this first year so much.
I am guessing you have downsized your home to move to a condo and now have money to contribute more to your registered retirement savings plans (RRSPs) as a result. First, we will start with a quick rundown of how RRSP to RRIF conversion works.
Converting an RRSP to a RRIF
A registered retirement income fund (RRIF) is the most common withdrawal option for RRSP savings. By December 31 of the year you turn 71, you need to convert your RRSP to a RRIF or buy an annuity from an insurance company…
The best TD credit cards in Canada
– moneysense.ca
Spend
The best TD credit cards in Canada
We’ve broken down our picks for the best TD credit cards – whether you’re looking for cash back, points, no-fee cash back, or low interest.
Compare now
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
googletag.cmd.push(function() {
var refresh_key = ‘refresh’;
var refresh_value = true.toString();
// Creating all ad sizes
var mapping = googletag.sizeMapping().
addSize([1024, 400], [[970, 90], [728, 90]]).
addSize([980, 400], [728, 90]).
addSize([0, 0], [[320, 50], [300, 50]])…
How Did TIFF’s Lightbox Become Its Money Pit?
– canadianbusiness.com
You don’t notice what’s missing at first. Toronto’s TIFF Lightbox—that unassuming glass grid, dwarfed by the enormous monolithic condo protruding from the top of it—still looks the same. Inside the five-storey space is a surprising 16,000 square metres containing five cinemas, a screening room, a gallery and a library as well as office spaces from which to oversee it all: the not-for-profit arts organization, which is dedicated to “transforming the way people see the world through film.”
Then you catch it: The “TIFF” sign is still there above the entrance, but “Bell Lightbox” has been quietly removed. Canada’s leading telecom company got naming rights thanks to a $30-million investment in 2006, back when this King Street building—designed to be the headquarters of the Toronto International Film Festival—was still being erected. But last summer, Bell suddenly dropped its sponsorship. Now, the sign looks naked, diminutive—four tiny letters for that cavernous house of mirrors…
