The advocates for changes to RRIFs lament that seniors are forced to deplete their savings, requiring them to pay tax ...

The Plan: Convert the LIRA to a LIF and unlock half the value, then convert his RRSP to a RRIF and begin withdrawing. Defer ...

A client who plans to withdraw from their TFSA in early 2026 should consider making the withdrawal now, before year-end. “Doing so will allow for recontributions as early as January 1, 2026, as ...

Year-end is an ideal time to review investment portfolios to determine where it might make sense to trigger capital gains to offset current or prior-year capital losses, or trigger capital losses to ...

January is the perfect time to sanity-check your RRSP at 70, because the “typical” balance is closer to the median than the ...

Pension income splitting allows Canadian couples to allocate up to 50% of eligible pension income from the higher-earning ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

At 70, turn your RRSP into a personal pension. See how one dividend ETF can deliver steady, tax-deferred income with less stress. At 70, many retirees have $150,000–$300,000 RRSPs that must last 20–30 ...

For many Canadians approaching 65, the Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP) balances often feel smaller than expected. Life happens, with mortgages, kids, ...

A question popped up recently on Reddit that many Canadians can relate to: “Only 10K in retirement. How much do I need to worry given I own a home and have a pension? Most of the retirement benchmarks ...