The Canadian government offers plenty of incentives for long-term savers, including couples saving for retirement. Sure, both of you can still open your own individual Registered Retirement Savings Plans (RRSP).
According to the latest Statistics Canada data, close to 6 million Canadians put money into an RRSP plan last time out – which means roughly two thirds of those who were eligible to contribute didn’t put in a penny.
Your retirement might be decades away, but that doesn’t mean you don’t have to save now. Here’s how to put aside funds so that you won’t have to work until the end of your life.
Are you depriving yourself today to save for the future? You’re not alone. A recent Investors Group survey found that many Canadians are anxious about money in retirement. The reality is that Canadians are living longer than ever before. With some people living 30 years or more in retirement, this phase of life could last …
How do you plan to spend your tax return? According to a recent survey from TD, many Canadians’ taxpectations don’t align with their financial goals. Here are some smart ways to spend that tax cash.
Sell and leaseback programs, which allow a homeowner to sell their house but continue living in it under the new owner, give Boomers the chance to tap into equity and stay in the family home. Sounds like a win-win situation – but is it a good idea?
Receiving perks through work for health and wellness can go a long way for your budget – but how much are workplace benefits worth? Gordon Powers breaks it down.
Experiencing RRSP confusion? You’re not alone – a recent BMO study finds the number of Canadians investing in RRSPs is on a decline. Here’s what you need to know to get started with your RRSP investments.
Wondering why your RRSP isn’t making any money? There could be a number of reasons behind your lack of return. Read on for our break down.
With the loonie so low, is it a good idea to open up a US dollar account? Depending on your needs, it could save you on exchange fees – read on to learn when you may need a U.S. bank account and credit card.