An ‘RRSP meltdown’ strategy often works best when clients are in a lower tax bracket post-retirement, allowing them to pay fewer taxes later on ...

The case hinged on a small provision in the Income Tax Act, Section 160, which says that if an individual transfers property ...

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.

Withdrawals from a spousal RRSP are taxed at the spouse’s rate, provided the last contribution to a spousal RRSP was more ...

If your client has a life income fund (LIF) that earned big returns in 2024, they may have the opportunity to unlock a larger ...

An RRSP is a savings and investment plan that you can open and contribute to in order to save for your, or your spouse’s future. You open an RRSP through a financial institution, such as a bank, ...

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

A spouse can often claim Social Security benefits that provide a portion of their partner's benefit. Divorced spouses and those whose partners have died can also qualify for this provision.

One of those potential pivots comes around annually: the RRSP deadline. MARK BLINCH REUTERS It’s time to start thinking about contributing to a retirement savings plan. This year, March 3 is the ...