Stock news for investors: Barrick leads earnings gains as major Canadian companies report mixed Q3 results + MORE Nov 15th

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Stock news: Canada’s big banks raise dividends after strong Q2 earnings May 30th

Here’s a round-up of news for Canadian investors this week. BMO National Bank Scotiabank CIBC TD Bank RBC Featured RRSP Accounts featured EQ Bank Build your retirement.... More »

Segregated funds are no tax panacea + MORE Jun 6th

Ask a Planner I attended a financial planning seminar and the presenter said you’re taxed so high on RRSPs when you die that your kids are only going to get half of it, which I already kind of knew. So, if you put it into these segregated funds, then you don’t pay tax. Should I be doing.... 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: Retail stocks tumble despite strong earnings + MORE Jun 20th

Here’s a round-up of news for Canadian investors this week. Reitmans Gildan Groupe Dynamite Empire Featured RRSP Accounts featured EQ Bank Build your retirement savings with.... More »

Tax write-offs that Canadians often get wrong Apr 18th

I come across frequent questions from taxpayers about expenses they think they can claim as a tax deduction or credit. Often, they cannot be claimed, or there are strict criteria that apply. Safety deposit box Back in the olden days, investors sometimes kept stock certificates in their safety .... More »

From RRSP to RRIF—managing your investments in retirement

– moneysense.ca

Retirement brings many changes in a person’s life and your investment portfolio is one of them. Tracy Andrade, a wealth adviser and certified financial planner at Marnoa Private Wealth Counsel, says it’s challenging for people to see their savings start to decline as they begin spending their nest egg. “That’s the biggest mental mind shift that people have to kind of think about when they’re heading into retirement,” she says. “It’s hard to see your balance go down.”

When the time comes, RRSP, or registered retirement savings plan accounts, are converted to RRIF, or registered retirement income fund accounts, a change that needs to be made by the end of the year that you turn 71.

Shifting your portfolio for RRIF withdrawals

You can hold the same investments in a RRIF as you hold in an RRSP, but you won’t be able to continue making fresh contributions like you did before the conversion. Rather, the opposite will be the case…

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Stock news for investors: Barrick leads earnings gains as major Canadian companies report mixed Q3 results

– moneysense.ca

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

Barrick

MEG Energy

Loblaw

Manulife

Linamar

Brookfield

Hydro One

MDA Space

George Weston

Featured RRSP Accounts

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EQ Bank

Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees.

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Registered GIC rate

Earn a guaranteed 2.75% 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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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999…

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