RRSP - My Own Advisor

RRSP Fast Facts and Our Game Plan

Posted on February 24, 2014 by Mark | 6 Comments

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…

RRSPs make great “cents” if you manage the refund

Posted on February 23, 2014 by Mark | 31 Comments

I’ve been a big fan of the Tax Free Savings Account (TFSA) or what I’d like to rename the account as the Tax Free Retirement Account (TFRA) ever since the account was launched a few years ago. It’s easy to…

Cha-ching? When to cash out your RRSP

Posted on February 2, 2014 by Mark | 75 Comments

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,…

Questions for financial experts and their RRSP game plans

Posted on March 5, 2013 by Mark | 22 Comments

A few weeks ago on a flight, I read an article in The Globe and Mail entitled Four experts offer their RRSP game plans. The premise of the article was to disclose the RRSPs of four certified financial planners; strategies…

Managing the refund well is the linchpin in the RRSP vs. TFSA debate

Posted on February 26, 2013 by Mark | 8 Comments

Managing the refund well is the linchpin in the RRSP vs. TFSA debate There is no shortage of blogposts and media articles about which account is better for retirement purposes: the Registered Retirement Savings Plan (RRSP) or the Tax Free…

The RRSP season is here. Know your options.

Posted on February 17, 2013 by Mark | 12 Comments

Seen the commercials yet? Read the ads online or in the papers yet? I’m sure you have… The RRSP season is here and the financial institutions are making sure you don’t forget about it/them. If you haven’t done so already,…

The RRSP deadline and some final considerations

Posted on February 28, 2012 by Mark | 12 Comments

Just like Cinderella needed to leave the ball, time is running out to contribute to the RRSP for the recent tax year. As we close out this “RRSP season” here are some things to consider: Visit Canada Revenue Agency’s site…

Why we optimize, do not maximize our RRSPs

Posted on February 12, 2012 by Mark | 11 Comments

No doubt the RRSP deadline is approaching fast. If you don’t already know, the last day to contribute to your RRSP for the 2011 tax year is February 29, 2012. Here are some quick facts about RRSPs as it relates to…