As it relates to Canada’s retirees, and near retirees, Finance Minister Jim Flaherty’s eighth, and some say his last, federal budget has received mixed reactions from industry stakeholders. They say its provisions neither improve nor impair the quality of life led by the nation’s seniors. Read: Budget 2013 focuses on deficit taming The Canadian Association […]
U.S. citizens who are drawing down on their workplace retirement account before retirement are exposing themselves to a complicated array of tax penalties, fees and other charges.
More than half of Canadians (63%) made or will make an RRSP contribution by the deadline.
Clients who contribute to RRSPs are often eager for the immediate gratification of a tax refund.
Nearly one-third of eligible Canadians (32%) still plan make an RRSP contribution for the 2012 tax year, says a new CIBC poll. And though they’re quickly running out time, more than half of these people say they’re going to put it off until the last 48 hours. Read: RRSPs are more than tax tools “Everyone’s […]
The number one question Canadians are asking this RRSP season is whether to pay down debt before contributing to their long-term savings, says Jamie Golombek, CIBC's managing director of tax and estate planning.
RRSPs benefit your clients, but they can also come with financial pitfalls.
Despite the wide range of investment options currently available to Canadians, mutual funds remain the core investment choice for Registered Retirement Savings Plans (RRSPs), shows a study by BMO Financial. The poll finds that 72% of the participants with RRSPs hold mutual funds within their plan, and that mutual funds account for almost a third […]
Most people start saving for retirement in their 30s, but there are myths holding them back from RRSP contribution.
The majority of Canadians (60%) who will contribute to their RRSP this year will do so in the next two weeks, says TD, and many will leave it right down to the wire for the March 1 deadline. “Making regular contributions throughout the year, every year, is the most effective way to grow your retirement […]