Can you have too much money in your RRSP?

Can you have too much money in your RRSP? Earlier this year the Registered Retirement Savings Plan (RRSP) celebrated its 60th birthday.  This means for decades Canadians have had a great opportunity to defer taxes and growth their retirement nest…
RRSP facts and guidance for 2017

The “RRSP season” is now in full swing but it’s important to know the ins and outs of this tax-deferred plan in order to optimize the use of this account for your financial situation.  You’ll notice I didn’t write “time…
Seven tips to build a fat RRSP nest egg

We’ve all heard it before. The biggest enemy to your financial future is you. This of course is true.  I’ve learned to appreciate this fact more than fiction because of my own investing experiences.  I used to tinker with investments…
RRSP Fast Facts and Our Game Plan

Ok, I’m sure you already know the basics about the Registered Retirement Savings Plan (RRSP) – so let’s play a game of True or False. RRSPs are an investment product themselves so go out and buy some RRSPs now! You…
Cha-ching?  When to cash out your RRSP

Largely because I’m working full time and these are my contribution years, I haven’t put too much thought into making any withdrawals from our Registered Retirement Savings Plans (RRSPs).  Enter my parents… Now both of my parents are fully retired,…
Tax Deferred Investing – RRSPs 101

An RRSP is a Registered Retirement Savings Plan that you establish, the Canada Revenue Agency registers, and to which you or your spouse or common-law partner can contribute to. RRSP facts An RRSP is an account, not a mutual fund or an…