There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
Canada’s best travel credit cards 2022 + MORE Jan 7th
With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »
Home insurance isn’t immune to inflation. Here’s how experts say you can lower those costs Jul 19th
Simply shopping around to different companies and double checking the coverages you actually need can save you cash at renewal time.... More »
Video: Do you really need condo insurance? Dec 6th
Condo insurance is what it sounds like: coverage for your condominium. But watch this video to learn exactly what it covers and the difference between your condo policy and the policy of your home owner association (HOA) or condo corporation. It’s worth a few minutes of your time.
Watch: Mone.... More »
The best travel insurance credit cards in Canada for 2024 + MORE May 19th
Spend
The best travel insurance credit cards in Canada for 2024
Searching for the perfect card? Compare your options with our interactive tool, and filter results based on rewards value, annual fees, income requirements, and more.
Compare now .... More »
Canada’s best credit cards 2023 Jan 7th
Spend
Best credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Let’s get started
Yo.... More »
Lawyers say it’s debatable, but don’t count on your insurance to pay out if you get sued.How to make the most of your TFSAs in retirement
– moneysense.ca
Unlike your Registered Retirement Savings Plan (RRSP), which must start winding down the end of the year you turn 71, you can keep contributing to your tax-free savings account (TFSA) for as long as you live. Even if you make it past age 100, you can keep adding $6,000 (plus any future inflation adjustments) every year.
Also unlike RRSPs, contributions to tax-free savings accounts are not calculated based on previous (or current) year’s earned income, says Adrian Mastracci, portfolio manager for Vancouver-based Lycos Asset Management Inc. Any Canadian age 18 or older with a Social Insurance Number (SIN) can contribute to TFSAs.
Most near-retirees will have more investible wealth in RRSPs, since they’ve been around since 1957, while TFSAs started much more recently, in 2009. Once you turn 71, there are three options for collapsing an RRSP, although most people think only of the one offering the most continuity with an RRSP: the registered retirement income fund, or RRIF (more on this below)…
Also unlike RRSPs, contributions to tax-free savings accounts are not calculated based on previous (or current) year’s earned income, says Adrian Mastracci, portfolio manager for Vancouver-based Lycos Asset Management Inc. Any Canadian age 18 or older with a Social Insurance Number (SIN) can contribute to TFSAs.
Most near-retirees will have more investible wealth in RRSPs, since they’ve been around since 1957, while TFSAs started much more recently, in 2009. Once you turn 71, there are three options for collapsing an RRSP, although most people think only of the one offering the most continuity with an RRSP: the registered retirement income fund, or RRIF (more on this below)…
