I started by saying that I assume he had fully maxed out his RRSP contributions, at which point he interrupted me, and said, emphatically, “I don’t believe in RRSPs.” I was dumbfounded. Didn’t believe ...

A recent BMO survey found 38 per cent of Canadians dip into their RRSPs early for one reason or another. If holiday debt has you eyeing your RRSP savings it’s important to know that early withdrawals ...

Saving for your future in Canada means choosing between two accounts with distinct benefits. Registered Retirement Savings ...

The Guaranteed Income Supplement (GIS) is a vital financial lifeline for Canadian seniors living on modest incomes. It boosts ...

Key Takeaways TFSAs allow Canadians to earn investment income tax-free, which can significantly accelerate long-term growth.

If you’re not among the few who max out their TFSA every January 1, these new year TFSA tips can help you avoid penalties and ...

If you hold Fortis Inc (TSX:FTS) stock in a TFSA, you might earn enough dividends to cover part of your retirement expenses.

A non-registered account, on the other hand, doesn’t offer any tax advantages: All the investment income is taxable. Still, ...

Here are what some smart Canadians are buying this December! December is a key moment for Canadians to position RRSPs and TFSAs, focusing on quality businesses that combine tax efficiency with ...

Canadian investors can benefit from lower taxes by donating appreciated securities to a registered charity. According to BMO Private Wealth, when you sell an appreciated security, you must pay tax on ...

For single Canadians, the path to retirement can be more challenging without the second income and support a partner can ...

Kelvin and Rosita have been successful in raising their four children and in building financial independence, Mr. MacKenzie ...