The best RRSPs in Canada for 2024 May 23rd

How to go about securing the best Retirement Plan in Canada.

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Is now the time for retirees to sell stocks and buy GICs? + MORE Aug 2nd

Ask MoneySense My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen .... More »

40 and no pension: What do you do? + MORE Aug 23rd

Pension envy is real. That’s because, when it comes to retirement planning, a defined-benefit pension does the heavy lifting for you. Contributions come right off your paycheque and go into a pool of pension dollars that will fund your retirement, or most of it, anyway. It’s the ultimate “pay .... More »

Should you hold gold in a RRIF? + MORE Aug 9th

Ask MoneySense I have a RRIF (registered retirement income fund) and I am looking to shift it to gold. I am 65 years old. Is this safe and does this make sense? —Audrey Investing in gold for retirement in Canada Gold prices have surged recently, rising 26% over the past year. Silver has .... More »

How to plan for retirement when you have no pension + MORE Sep 13th

In years past retirement planning was relatively easy. Fifty years ago, more than half of working Canadians, and an even higher proportion of men, could fall back on a corporate or union pension plan as their main source of income in retirement. That’s no longer the case. Just 38% of paid work.... More »

Self-employed with no pension Aug 16th

The year 1975 was the high water mark for bell bottoms, soul music and workplace pensions. Back then, around half of Canadian workers had some sort of pension plan through their employers to save for retirement. These days, just under 40%. For the roughly 2.6 million Canadians who work for.... More »

The best RRSPs in Canada for 2024

– moneysense.ca

RRSPs

The best RRSPs in Canada
We’ve rounded up the best RRSP rates on savings accounts and GICs, as well as the best RRSP investment accounts.

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By Rebecca Cuneo Keenan and Keph Senett on May 23, 2024Estimated reading time: 19 minutes

Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to build wealth for the future, usually for retirement. To maximize its potential, it helps to know the differences between an RRSP and other kinds of registered accounts, like the tax-free savings account (TFSA) and first home savings account (FHSA). Plus, not all RRSPs are built the same—you’ll want to compare the saving and/or investing options they offer, as well as their interest rates and fees…

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