I’m 58 years old, single and simply over the daily grind. I've got $970K stashed in my RRSP — can I retire today? You’ve hit ...

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

The answer to when you can safely retire depends on several factors specific to an individual’s unique circumstances ...

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 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 ...

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

You may have other income and deductions from an RRSP. You may have to include other RRSP amounts in your income, or you may be able to deduct other amounts for 2024. This applies if, in 2024, your ...

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).

This can include gifts, bonuses, or even tax refunds that may make their way into the RRSP. Be sure the amounts do not cause the plan holder to exceed their RRSP contribution limits. 2. Track the ...