Skipping the starter home for the next size up? Be financially savvy about it May 4th

How to go about securing the best Retirement Plan in Canada.
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3 sectors to consider investing in when the stock market is volatile May 3rd

If you’re retired or nearing retirement, or you’re a younger investor who wants stability in your portfolio, where should you consider investing when financial markets are suffering? Three sectors stand out for their relative stability in tough times: health care, utilities and brand leaders. He.... More »
 retirement savings plan

A guide to spousal RRSPs for married and common-law partners + MORE Jun 22nd

Couples can open and contribute to a personal Registered Retirement Savings Plan (RRSP) or a spousal RRSP—or both. A spousal RRSP generally makes the most financial sense for couples whose incomes are quite different. If one partner earns little or no income, so that contributing to their own RRSP.... More »
 pension

What to do when you overcontribute to your RRSP + MORE Jun 22nd

Ask MoneySense I overcontributed to my RRSP by accident, and I am looking for some advice on how to deal with it. I contributed $3,550 to my 2022 RRSP in October 2022. I then forgot I made this contribution and again in February 2023 I made a $3,550 contribution. What options to I have to address.... More »
 retirement savings

Making sense of the markets this week: October 15, 2023 + MORE Oct 19th

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Clearly, the biggest world news is the conflict in Israel and Gaza. This week we are holding off discussing the effects.... More »

U.S. withholding tax in an RRSP for Canadians + MORE Aug 3rd

I have EPD stock in my RRSP for their dividend payments (about 7%). What a surprise I had—even when in an RRSP—I had to pay about 30% tax on these dividends. EPD is registered in Louisiana. —Wanda How much is withholding tax on U.S. dividends? I am going to provide a brief summary of U..... More »
Skipping the starter home for the next size up? Be financially savvy about itTaking on too big a debt load can leave first-time buyers house poor, unprepared for retirement and stressed by ordinary purchases for things like car repairs and vacations, Lesley-Anne Scorgie writes.

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