The CRA officer denied his second request for relief, concluding that the taxpayer’s misinterpretation of his RRSP deduction ...

Looking for the best RRSP rates in Canada? Learn how you can guide your clients to smarter savings and stronger long-term ...

Lenders with look at a range of factors when deciding whether to underwrite a mortgage for a person with no regular ...

The Home Buyers’ Plan allows first time home buyers to use a portion of the money they’ve contributed toward their RRSP for a ...

These stocks have delivered steady dividend growth for decades. The post RRSP Investors: 2 TSX Dividend Stock to Own for the ...

The RRSP itself has been used as a tool for prospective buyers to save up for the purchase of a home thanks to the Home Buyers’ Plan, which allows Canadians to withdraw up to $35,000 from their ...

RRSP Vs. RRIF: What’s the Difference? RRSPs and RRIFs have some similarities. Both are tax-deferred retirement accounts and allow you to assign beneficiaries, you must pay withholding tax on ...

The RRSP contribution limit set by the Canadian government. This limit changes annually. For 2024, the maximum any Canadian can contribute to their RRSP is $31,560 (up from $30,780 in 2023).

What’s important about an RRSP is that any money you put into the account is no longer counted as income for you in that tax year. If you make $56,000 and put in $6,000, only $50,000 will be ...

RRSP withdrawals are flexible and can be skipped in a higher-income year. A retired taxpayer can manage their tax rates and consider planning their income to take advantage of low tax brackets.