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.

Sheesh, Derek, give your head a shake. There are times to be acquisitive, and times to turtle.

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

A client who’s held a mutual fund for a long time can have significant capital gains, so liquidating all at once wouldn’t be ...

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

The mad rush to make this year’s registered retirement savings plan (RRSP) contribution should be a little less hectic thanks to a quirk in the calendar. Since the usual March 1 deadline falls on a ...

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To use the LLP, you must have an RRSP, you must live in Canada, and you (or your spouse) must be enrolled, or have received an offer to enroll, in a full-time qualifying program at a designated ...

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 ...