Canadians are increasingly willing to take money from their RSP to pay off expenses, says a recent Scotiabank poll.
Registered accounts aren’t for everyone
B2B Bank and Pro-Financial Asset Management Inc. have signed agreements for the distribution of investment and RRSP loans. Under the terms, B2B Bank will offer preferred rates on investment and RRSP loans to Canadian investors who purchase eligible Pro-Financial funds through licensed advisors. Read: B2B Trust converts to bank “Over the past five years, we […]
Almost half of Canadians (45%) don’t have an emergency savings fund, meaning an unexpected expense could have them dipping into RRSPs or taking on debt, finds a CIBC poll. Read: How to protect emergency savings Additional findings include: Canadians aged 45-64 are more likely to be prepared for an emergency, with 60% reporting they have […]
The HBP allows first-time home buyers to withdraw up to $25,000 from their RRSPs to assist them with buying a home. The funds need to be paid back over a 15-year period. If payment is missed in a particular year, the amount not repaid must be included in the participant’s income for that year.
Investors contribute throughout the year to registered accounts
There are two certainties in life – death and taxes
The RRSP deadline has come and gone. And here are the results. Only four in ten Canadians made the RRSP contribution for 2011, according to BMO Annual Post-RRSP Deadline Study.
The final countdown to the 2011 RRSP contribution deadline has begun. With less than 24 hours to go, Canadians are fast running out of time to make a RRSP contribution in order to take advantage of valuable 2011 tax breaks.
The 2011 RRSP contribution deadline is rapidly approaching, and today, BMO experts hosted a media panel to share strategies and insights on how your clients can get the most out of their investments.