Even after reaching retirement, investors need to continue managing their finances prudently to ensure a healthy retirement stream.
As one of Canada’s best savings programs and biggest tax breaks, the Registered Retirement Savings Plan (RRSP) should be wildly popular. However, Canadians are not taking full advantage of them. Year after year, over 90% of taxpayers eligible to make RRSP contributions fail to make the maximum contribution, leaving unused contribution room on the table.
As one of Canada’s best savings programs and biggest tax breaks, the Registered Retirement Savings Plan (RRSP) should be wildly popular. However, Canadians are not taking full advantage of them. Year after year, over 90% of taxpayers eligible to make RRSP contributions fail to make the maximum contribution, leaving unused contribution room on the table.
Editor’s note, Sept. 2018: This article was written in 2010 and many of the specifics may be outdated. This article, from 2017, is more updated. The strong loonie has many Canadians shopping for foreign investment opportunities. But Canadian residents are required to pay tax on their worldwide income. That is, income earned by a resident […]
You’ve been chasing a big prospect for some time now, and he’s finally agreed to give you a few minutes of his time. So here you are, face to face with someone more than twice your age, who’s been through bull markets, bear markets, crashes, bubbles. You, on the other hand, have been registered for […]
Financial planning seems to be the new buzzword, with many more firms adopting a holistic approach to managing client relationships. And recent research indicates this is a step in the right direction. According to the Financial Planners Standards Council (FPSC), about three-quarters of all Canadians say a written financial plan is crucial to their financial […]