How to make sure you have enough money to fund your RRIF withdrawals + MORE Apr 18th

All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.

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How financial journalists plan their own retirement + MORE Aug 15th

It’s an occupational hazard of personal finance (PF) journalism that the writers’ lives are an open book. Anyone reading Retired Money knows my age and that I recently had to convert my RRSP into a RRIF. And I’m not alone: this summer has seen the retirement of some long-time PF columnists, no.... More »

What is the Canada Pension Plan death benefit? + MORE Sep 26th

Ask MoneySense Your recent article is the first time I have seen reference to a CPP death benefit of $2,500. Can you explain it, please? —Sam The primary purpose of the Canada Pension Plan (CPP) is to pay a retirement pension to contributors. Employers as well as employed and self-employed .... More »

A simple guide to investing your first $500 + MORE Jan 24th

For many young Canadians, the barrier to entry for investing feels impossibly high. Between student loans, rising rent, and the cost of living, scraping together a starter fund can seem daunting. Yet, as little as $500 to $1,000 is sufficient enough to begin building the habits that create long-ter.... More »

Stock news for investors: Quarterly profits up at Shopify, Brookfield; down at Suncor, Reuters Aug 8th

Here’s a round-up of news for Canadian investors this week. Shopify Suncor Energy Inc. Brookfield Asset Management Parkland Corp. Thomson Reuters Featured RRSP Accounts featured EQ Bank .... More »

Stock market news for investors: Metro profits rise, Groupe Dynamite to close some Canadian stores

– moneysense.ca

Here’s a round-up of news for Canadian investors this week.

Metro Inc

Groupe Dynamite

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Registered GIC rate

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How to make sure you have enough money to fund your RRIF withdrawals

– moneysense.ca

After decades of using registered retirement savings plans (RRSPs) to reduce taxable income, it can come as a shock to discover the shoe will one day be on the other foot. At the end of the year you turn 71, you have to either cash out your RRSP (not recommended), annuitize it or convert it into a RRIF, a registered retirement income fund.

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