Can you survive on Canada’s government pension alone in retirement? Experts say you might be surprised + MORE May 10th

How to go about securing the best Retirement Plan in Canada.
Latest News
 retirement savings plan

More Canadians are pressing pause on retirement savings to pay for things now. Just how long should you do that? The answer may surprise you + MORE Jun 1st

Be aware of the setbacks of putting saving for the future on the back burner in the face of high inflation, experts caution..... More »
 retirement savings

Registered vs unregistered accounts: Where retirees should make withdrawals + MORE May 25th

Ask MoneySense We are in the age bracket where we need to take RRIF withdrawals every year. I am 81, and my husband is 82. We also have an unregistered account. We need to withdraw additional money to pay our expenses. We have already taken the mandatory withdrawal for this year from our RRIF. .... More »
Can you survive on Canada’s government pension alone in retirement? Experts say you might be surprisedUntil fairly recently, CPP replaced a quarter of your average work earnings — but it’s already providing more. We asked experts what to do if CPP and OAS will make up most of your retirement income.

Continue Reading On »

Ask MoneySense
I have been with the same employer for nearly 20 years and have participated in the company’s DC RPP for nearly that whole time. 

A few years back I consolidated the majority of my different investment accounts—RRSP, TFSA and unregistered—by moving them all to a discount brokerage. While I have no plans to leave my employer, I’d love to find a way to move the RPP funds to save on the fees. I’m looking to maintain the nature of the RPP but move it out into the discount brokerage so that I can take the MER from 1% or more down to 0.2% and save myself a few thousand dollars a year in fees.


It sounds like you are embracing do-it-yourself (DIY) investing, Shawn. It is not for everyone but is easier and more accessible now than ever. Saving on fees is a benefit. There are risks, though, like improper diversification, impulsive buying or selling, and not understanding a particular investment or product. 

You can make transfers between retirement accounts on a tax-deferred basis by completing paperwork at the receiving institution…

Continue Reading On »


Compare insurance quotes through - save time and money!