The conversation turned to RRSPs since the fast-approaching deadline for 2024 RRSP contributions is March 3, 2025. Today, I ...

Here are five ways assets in RRSPs can be transferred on a tax-deferred or tax-free basis. Switching financial institutions ...

Whether your goal is tax savings, income smoothing or building a financial legacy, RRSPs and tools such as spousal RRSPs and individual pension plans (IPPs) offer unique advantages. As a business ...

A Spousal Registered Retirement Savings Plan (RRSP) is a retirement savings plan that allows one partner in a marriage or common-law relationship to contribute to an RRSP in their spouse’s name.

A spousal RRSP allows both halves of a married couple (or common-law partners) to receive tax benefits and split retirement income. The partner who makes more money can contribute in the other ...

You have 10 years to repay the amount withdrawn. Use a Spousal RRSP to Split Retirement Income A spousal or common-law partner RRSP allows couples to split retirement income and reduce taxes.

You can use an RRSP to save money for your own retirement, as well as your spouse’s. If your employer offers a group RRSP and will match a portion of your contributions, sign up for it.

If your client has a life income fund (LIF) that earned big returns in 2024, they may have the opportunity to unlock a larger portion of the LIF this year, depending on the governing province.

Here's why most Canadian retirees should consider holding low-cost ETFs such as VSP in the RRSP. The post RRSP Investors: Here’s How to Lower Your Tax Bill in 2025 appeared first on The Motley Fool ...

So, if you earned $100,000 in 2024, you can contribute up to $18,000 towards the RRSP this year, lowering the taxable income to $82,000. Through spousal RRSPs, Canadian couples can reduce the ...

No. RRSP funds generally cannot be transferred to another person, even your spouse. You’re also not allowed to transfer your personal RRSP directly to a spousal RRSP. However, in specific ...