From The Boomer & Echo Mailbag: Spousal RRSPs

Now that you can split pension income in retirement, is it worth it to contribute to a Spousal RRSP? Income splitting is a tax planning technique designed to shift income from a higher earning spouse to the spouse with little or no income. It can reduce or eliminate...

The Beginner’s Guide To RRSPs

Nearly sixty years after the federal government introduced the Registered Retirement Savings Plan as a vehicle to save for the future, RRSPs still remain one of the cornerstones of retirement planning for Canadians. In fact, as employer pension plans become...

Help! I Discovered I’m Over-Contributing To My RRSP

Less than one-quarter of Canadians contribute the maximum to their RRSP each year, but if you’re one of those keen savers you’ll want to pay close attention to your RRSP contribution limit to avoid going over. A blog reader named John realized he might be...

New Tax Credits Announced – Are You Eligible?

If your New Year’s resolution was to get your finances organized, you should make sure efiling your tax return by the deadline is on your to-do list. Your tax return is an important financial document and tax planning should really happen year round. The good news for...

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