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 women can start investing + MORE May 16th

Maybe you’re making a little more money these days and are curious about where to put it. Or maybe you’ve reached the age where you need to start, seriously, planning for retirement. Either way, we’re happy you’re here. The time for women to start investing is yesterday, or at least, right n.... More »

Do you need a planner if you’re a DIY investor? May 23rd

In today’s digital age, there’s an increasing number of Canadians who choose do-it-yourself investing. Online brokerages and low-cost trading platforms allowed for a new style of investing to emerge: a new generation of DIYers. We’ve seen a shift in the financial planning industry. Well, self-.... More »

Should we draw down my spouse’s RRIF faster? May 30th

Ask MoneySense My wife is currently drawing $24,000 per year from her RRIF, which has a balance of $510,000. She is also receiving OAS, CPP and a work pension of $22,000. She is 67. My question is if it would be prudent to start making larger withdrawals to try and reduce the tax that the estate .... More »

Stock news for investors: Laurentian bank and BRP + MORE Jun 6th

Here’s a round-up of news for Canadian investors this week. Laurentian bank BRP Inc Featured RRSP Accounts featured EQ Bank Build your retirement savings with 2.00% interest, tax.... More »

Bell Canada’s first quarter results for 2025 + MORE May 9th

BCE Inc. cut its quarterly dividend payment to shareholders and announced a partnership deal with the Public Sector Pension Investment Board to help accelerate the development of fibre infrastructure in the U.S. BCE chief executive Mirko Bibic said Thursday the dividend cut comes as the company face.... 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

Featured RRSP Accounts

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EQ Bank

Build your retirement savings with 2.00% interest, tax-deferred contributions and zero fees.

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Registered GIC rate

Earn a guaranteed 3.5% in your RRSP when you lock in for 1 year.

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Best RRSP rates

See our ranking of the best RRSP accounts and rates available in Canada.

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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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