The best RRSPs in Canada for 2024 + MORE May 2nd

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

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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 »

Sean Wilson, financial advisor Feb 21st

Meet Sean Wilson Sean Wilson is a Certified Financial Planner and founder of Moraine Wealth Advisory, a boutique financial planning firm specializing in helping Canadian physicians and business owners achieve their financial and life goals. With many years of experience in financial services, he.... More »

The best free personal finance and investing courses in Canada Nov 29th

Financial literacy is an essential life skill. Whether you want to budget, saving, invest or plan for retirement, understanding how to manage money can help you achieve financial stability. Fortunately, there are many free courses that can help Canadians develop greater financial literacy. Below, fi.... More »

How to stay the course with your retirement plan during market volatility + MORE Apr 11th

Three days of wild market volatility sparked by U.S. tariffs is enough to cause any investor stress, but for those in retirement, the plunge can be extra difficult. Markets have taken a nosedive after U.S. President Donald Trump’s announcement of sweeping global tariffs last Wednesday (April .... 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 »

The best TFSAs in Canada for 2024

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The best TFSAs in Canada for 2024
We’ve rounded up the best TFSA rates on savings accounts and GICs, as well as the best TFSA investment accounts.

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Featured TFSA Accounts

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Best GIC rate

Earn a guaranteed 5.25% tax free when you lock in for 1 year.

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Best online brokerage

Open a TFSA investment account and trade ETFs and stocks with $0 commission on all transactions.

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The Best RRSPs

Aside from a TFSA, another powerful tax-advantage account is an RRSP. Check out the best RRSPs in Canada…

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Downloadable RRIF withdrawal rates chart 2024

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The minimum age at which you can convert a registered retirement savings plan (RRSP) to a registered retirement income fund (RRIF) varies by province: it’s 50 in some, and 55 in others. But starting the year after conversion, you must begin to make minimum withdrawals from your RRIF. The table below includes the minimum withdrawal rates for all RRIFs set up after 1992. It shows the percentage of the account balance (at the previous year-end) that must be paid out in the current year.

How to use the table: Slide the columns right or left using your fingers or mouse to see all the columns. You can download the data to your device in Excel, CSV and PDF formats.

wdt_ID Age at end of previous year Withdrawal rate for current year Age at end of previous year Withdrawal rate for current year

1
55
2…

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The best RRSPs in Canada for 2024

– moneysense.ca

RRSPs

The best RRSPs in Canada for 2024
We’ve rounded up the best RRSP rates on savings accounts and GICs, as well as the best RRSP investment accounts.

Compare now

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By Rebecca Cuneo Keenan and Keph Senett on May 1, 2024Estimated reading time: 19 minutes

Presented By Scotiabank

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 their interest rates and fees, for example…

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