Finance
We’re 10 years apart. Can we retire together?
[ad_1] The purpose of going through a planning process is to discover what is possible by playing out “what if” scenarios. Once you see…
Tag: RRSP
Finance
What happens when you inherit an IRA or 401(k)?
[ad_1] Spousal beneficiary When a spouse inherits an IRA or 401(k), they can take over the account as an inherited account or transfer the…
Finance
What replacing my tires taught me about planning for retirement
[ad_1] When my family and I moved to Canada seven years ago, we spent months driving through neighbourhoods trying to decide where we wanted…
Finance
With pensions declining, Canadians must plan their own retirement – MoneySense
[ad_1] “The decline of defined benefit and contribution pension plans has fundamentally shifted the burden of retirement planning on to individuals in recent years,”…
Finance
A practical guide to investing at every life stage – MoneySense
[ad_1] As your financial needs change from early career to mid-life to pre-retirement to retirement itself, so, too, should the way you approach your…
Finance
Your TFSA reset for the new year – MoneySense
[ad_1] New TFSA contribution room Every Canadian resident aged 18 or older has $7,000 of new TFSA room as of January 1, 2026. This…
Finance
So you fell short of your financial goals in 2025—here’s how to do better – MoneySense
[ad_1] Many Canadians missed key goals A year ago, 51% of respondents to a similar poll said they wanted to pay off their debt…
Finance
5 money moves to make before the end of the year – MoneySense
[ad_1] 1. Revisit your budget Budgets are a great tool to help you stay on track with your spending and savings goals, but they…
Finance
From RRSP to RRIF—managing your investments in retirement – MoneySense
[ad_1] When the time comes, RRSP, or registered retirement savings plan accounts, are converted to RRIF, or registered retirement income fund accounts, a change…
Finance
Why late-career savers need to be careful with RRSPs – MoneySense
[ad_1] When should you keep contributing to your RRSP? If you have a group RRSP with matching contributions from your employer, this provides a…
Finance
Year-end tax and financial planning considerations – MoneySense
[ad_1] RESP contributions and withdrawals Registered education savings plans (RESPs) are used to save for a child’s post-secondary education. Contributing to an RESP can…
Finance
What to do with a small pension in Canada – MoneySense
[ad_1] Many Canadian employers see DB plans, where retirees receive a guaranteed payout every month (sometimes indexed to inflation), as too expensive. And while…
Finance
How to consolidate your registered accounts for retirement income in Canada – MoneySense
[ad_1] There is a spousal attribution rule with spousal RRSPs that applies if you take withdrawals within three years of your spouse contributing. This…
Finance
How to invest tax-free in a bitcoin ETF in Canada – MoneySense
[ad_1] Investment Investment account Purchase price Sale price Gain Capital gains tax After-tax gains Bitcoin Non-registered $23,500 $61,000 $37,500 $3,750 $33,750 Bitcoin ETF TFSA…
Finance
New to Canada and no pension: How to save for your retirement – MoneySense
[ad_1] The difficulties facing newcomers to Canada with respect to retirement planning are particularly acute. Given how Canada’s immigration points system works, economic immigrants…
Finance
How to plan for retirement when you have no pension – MoneySense
[ad_1] Retirement OAS payment dates in 2024, and more to know about Old Age Security Here’s how Canada’s Old Age Security pension program works,…
Finance
How to manage as a single parent with no pension – MoneySense
[ad_1] “If someone’s not lucky enough to have a company pension, it’s that much more crucial for them to be building up savings on…
Finance
Which savings should retirees draw down first? – MoneySense
[ad_1] Working as a financial planner, I am often asked, “What is the most tax-efficient way to draw down on investments?” From the outset,…
Finance
40 and no pension: What do you do? – MoneySense
[ad_1] It’s not as big a problem as you might think. The key is to try to mimic the pay-yourself-first approach by setting up…
Finance
Which types of pension income can be split with your spouse in retirement? – MoneySense
[ad_1] Here, we’re focusing on splitting pension income, which can include income sources that are not from traditional pensions. Can you split your income?…