Maximize your Savings Plans

Maximize your Savings Plans

The Registered Retirement Savings Plan (RRSP) deadline of February 29 recently passed. Were you one of those people making a late night appointment with your banker or investment advisor to top up your savings? If you were, did you feel a little like the student cramming for an exam — a student who would have been better of studying less over a longer term? Rushing to deadlines when it comes to tax incentives is not the best approach. Having an all-year plan is much smarter. Continue reading »

RRSPs: Not the Only Season for Your Money

RRSPs: Not the Only Season for Your Money

March 1 is coming! It’s RRSP deadline time! Every January and February, the financial services industry comes alive to encourage us to buy RRSPs (registered retirement savings plans) to fill up our contribution room for the previous tax year, but also to get our monetary houses in order. Yes, the March 1 RRSP deadline is an important one, but there’s more to managing money than tossing funds into RRSPs. By focusing our financial calendars on the late winter every year, we could be missing out on other important deadlines — and ways to save big bucks. Continue reading »