Blog

How to Invest in Retirement

4 April, 2014

What happens to your RRSP when you retire? Prior to retirement, people maximize their contributions to their RRSPs, top up their children's RESPs and put whatever is left over into their TFSAs and non-registered accounts. Once they hit retirement, the... Read More

First comes love, then spousal RRSP

23 January, 2014

With the RRSP deadline fast approaching — March 3 — you might be looking to top up your RRSP. But if you have a spouse or common-law partner, it might make more sense to contribute to a spousal RRSP for them instead. A spousal RRSP is a plan where you... Read More

Clock's ticking on RRSP deadline

6 January, 2014

At some point, we are going to need to rely on any savings we have accumulated and if we look back later in life to find there has not been enough attention paid to stashing money away for our eventual retirement, time can be our worst enemy. Playing... Read More

When to take your pension - and when to wait

27 November, 2013

Did you know that you can defer taking your Old Age Security pension? For many years we have had the option to defer taking our CPP as late as age 70 and, consequently, receive a higher amount at that age, but as of July 2013, you can also defer taking... Read More

Preparing for the inevitable

31 October, 2013

If you were to die today, would your spouse and other beneficiaries know where you keep all of your accounts? Would they know how the bills are paid and where the insurance policies are kept? Who is the executor of your will (if you have one) and does... Read More

Planning for the golden years

8 October, 2013

If you are saving for retirement in an RRSP, at some point in time you are going to have to make a decision on how you are going to start the income from that account. Even if you don't need to draw income from this retirement plan, you will eventually... Read More