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U.S. to send 2,500 Marines to Middle East as Iran, Israel continue to exchange attacks - CTV News Mar 14th
U.S. to send 2,500 Marines to Middle East as Iran, Israel continue to exchange attacks CTV NewsLive updates: Iran war news; US strikes military assets on Kharg Island oil export hub CNNWhy the US Attack on Iran’s Kharg Island Is a Worry for Oil Markets Bloomberg.co.... More »
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns - CBC May 15th
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns CBC.... More »
The best high-interest savings accounts in Canada for 2026 + MORE Mar 2nd
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Why Gen Z Is choosing career vibes over big paycheques, especially early on + MORE Feb 5th
For decades, the standard career advice for young Canadians was as linear as an airport security line: shoes off, laptop out, no detours. Except in career land it was: get the degree, find the best-paying gig, climb the corporate ladder, and don’t look back until retirement.
But according.... More »
Danielle Smith says she hasn’t given up on Canada - CTV News May 30th
Danielle Smith says she hasn’t given up on Canada CTV NewsA guide to the (many) groups running Alberta's separatist and remain camps CBCImportant Referendum Information – May 2026 Elections AlbertaOpinion | Eric Colquhoun: Do not adjust your set Toront.... More »
Making the most of the pension tax credit
– moneysense.ca
Ask MoneySenseI 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 credit applies to anyone, irrespective of age? Meaning under 65? Should a LIRA be moved to a LIF when the expected minimum withdrawal would be under that threshold? Should LIF withdrawals be recommended for anyone under 65 as a tax strategy? Looking forward to reading your answer.
—Sylvain Bussiere
Hi Sylvain, unfortunately your interpretation is not correct. Converting your locked-in retirement account (LIRA) to a life income fund (LIF) before the year you turn 65 does not qualify you for the $2,000 pension tax credit. Even converting your LIF to an annuity doesn’t qualify you for the pension tax credit at age 65.
Having said that, this tax credit is not a big deal for most people, and in some cases, you will be better off not converting an RRSP or LIRA to a RRIF or LIF to qualify for the credit…
