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Toys 'R' Us Canada files for creditor protection - CBC Feb 4th
Toys 'R' Us Canada files for creditor protection CBCToronto Toys “R” Us closure highlights Canada’s shrinking big-box toy retail scene NOW TorontoToys “R” Us Canada facing another lawsuit from landlord claiming it’s owed rent - Toronto Global NewsTOYS "R".... More »
Carney says Canada open to deeper integration with U.S. ahead of CUSMA review - CTV News May 9th
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What every American should know before buying a home in Canada + MORE Jul 24th
Buying a home is one of life’s biggest financial decisions, but it’s also one of the easiest places to make an expensive cross-border tax mistake. For many families, purchasing a home represents stability, permanence, and the feeling of finally putting down roots. For U.S. citizens living in.... More »
S&P 500 and Nasdaq notch records; AMD results spark AI stock rally - Reuters May 6th
S&P 500 and Nasdaq notch records; AMD results spark AI stock rally ReutersStock market today: Dow jumps 600 points, S&P 500 and Nasdaq hit records as AI trade fuels rally Yahoo FinanceMarket Outlook: AI optimism pushes S&P 500 to fresh record highs BNN Bl.... More »
Trump plan to cap credit card costs hits bank shares - BBC Jan 12th
Trump plan to cap credit card costs hits bank shares BBCWhy Synchrony Financial (SYF) Shares Are Plunging Today The Globe and MailWall Street ticks to records after shaking off worries about Trump’s feud with the Fed BNN BloombergTrump’s credit card plan revives .... More »
From RRSP to RRIF—managing your investments in retirement
– moneysense.ca
Retirement brings many changes in a person’s life and your investment portfolio is one of them. Tracy Andrade, a wealth adviser and certified financial planner at Marnoa Private Wealth Counsel, says it’s challenging for people to see their savings start to decline as they begin spending their nest egg. “That’s the biggest mental mind shift that people have to kind of think about when they’re heading into retirement,” she says. “It’s hard to see your balance go down.”
When the time comes, RRSP, or registered retirement savings plan accounts, are converted to RRIF, or registered retirement income fund accounts, a change that needs to be made by the end of the year that you turn 71.
Shifting your portfolio for RRIF withdrawals
You can hold the same investments in a RRIF as you hold in an RRSP, but you won’t be able to continue making fresh contributions like you did before the conversion. Rather, the opposite will be the case…
