Rrsp Deadline

It's Time To 'Un-Park' Those Last Minute RRSP Contributions

Cindy Crean | Posted 04.18.2016 | Canada Business
Cindy Crean

Now is a great time to re-visit your portfolio. Investing too conservatively could impact your ability to reach your long-term goals. In fact, you could actually be losing money once you factor in inflation, especially in today's low interest rate environment.

Leap Day Is Also The Last Day You Can Contribute To Your RRSPs

The Huffington Post Canada | Jesse Ferreras | Posted 02.29.2016 | Canada Business

It's an opportunity for people to reduce their income and maybe enjoy a nice tax refund.

Time Is Running Out To Make Your RRSP Contribution

Caroline Battista | Posted 02.26.2016 | Canada Business
Caroline Battista

When most working Canadians hear "RRSP," they think of their retirement savings. Or maybe even a nice winter home on the shores of sunny Florida. However, a Registered Retirement Savings Plan (RRSP) is more than just a retirement savings plan. It also has an impact on your tax obligation and can save you hard earned dollars come tax time.

Canadians Raiding Retirement Savings To Make Ends Meet: Survey

The Huffington Post Canada | Daniel Tencer | Posted 02.25.2016 | Canada Business

Consider a rainy-day savings fund instead.

Last-Minute RRSP Contribution? Avoid These Common Mistakes

Cleo Hamel | Posted 02.22.2016 | Canada Business
Cleo Hamel

The first major financial deadline of 2016 is February 29. This is the last day you can make a contribution to your Registered Retirement Savings Plan (RRSP) and claim the contribution on your 2015 tax return. You still have the first 60 days to make contributions but with the leap year, the deadline is midnight at the end of the month.

Markets Are Tanking. What Should You Do About Your RRSP?

CP | Craig Wong, The Canadian Press | Posted 02.03.2016 | Canada Business

OTTAWA — As Canadians review their year-end investment statements and prepare to meet with their financial advisers ahead of the RRSP deadline, stoc...

5 Things You Need To Know About RRSPs This Year

CP | The Canadian Press | Posted 02.03.2016 | Canada Business

This year's RRSP deadline is Feb. 29.

3 Simple Ways To Save Taxes

Ludovic Siouffi | Posted 02.03.2016 | Canada Business
Ludovic Siouffi

Today, it takes more brains and effort to make out the income-tax form than it does to make the income. - Alfred E. Neuman 1) Prioritize Three Contri...

2016 Tax Hacks To Help You Save Money, Time And Stress

YPNextHome | Posted 02.03.2016 | Canada Business

It's February, folks, and you know what that means. Taxes... Yeah, yeah, Groundhog Day, Valentine's Day, 2016 leap year and all that. But it's also the time of year when people wake up to the fact that, oh crap, tax deadlines are looming, and that they better get their act together to reduce their tax bill -- not to mention their stress level.

Know Your RRSP Contribution Limit On Deadline Day

Tea Nicola | Posted 02.24.2016 | Canada Business
Tea Nicola

With the deadline looming, you may wonder how much you can contribute to your RRSP. The simple answer is 18 per cent of your income, each year, but of course there are some additional details to understand.

Now's The Time To Plan If You Want To Minimize Your Taxes

CP | Craig Wong, The Canadian Press | Posted 12.07.2015 | Canada Business

Wait until next year, and it may cost you money.

Don't Put Money In An RRSP Just For The Tax Break

CP | Posted 02.10.2015 | Canada Business

Financial experts say it's important to plan before making RRSP contributions. The president of the non-profit Investor Education Fund suggests making...

How To Get the Most Out of Your RRSP Contribution

Leanne Kotchonoski | Posted 04.30.2014 | Canada
Leanne Kotchonoski

With only about one third of Canadians making an RRSP contribution according to the Sun Life Annual Check-up Survey, make this year the year that you start to reap the benefits of your RRSP. Top up your RRSP before March 3 and make an appointment with your advisor to plan how best to invest your tax refund (or tax savings). Your tan may suffer but your net worth will thank you.

Is Your Financial Adviser Giving You Bad Advice?

CBC | Posted 04.29.2014 | Canada Business

As RRSP season closes and many Canadians prepare for tax time, a CBC Marketplace investigation reveals that financial advisers at some of Canada’s t...

Haven't Contributed To Your RRSP Yet? You're Not Alone

The Huffington Post Canada | Posted 02.26.2014 | Canada Business

The deadline to contribute to a Registered Retirement Savings Plan (RRSP) is drawing near, and apparently quite a few Canadians are leaving their cont...

Millennials, Here's All You Need to Know About RRSPs

Jeff Cates | Posted 04.22.2014 | Canada Business
Jeff Cates

The average Canadian millennial is saddled with debt thanks to unemployment and rising tuition costs. According to the Canadian Federation of Students, students in Ontario and the Maritimes average over $28,000 in debt. If you're in this position, focus on paying off all your debt first, while putting a small amount into your RRSP.

Have You Met Your RRSP?

Shaun Goolcharan | Posted 04.16.2014 | Canada
Shaun Goolcharan

Each year you are required to take out a portion of your savings from your RRIF, which is subject to tax, but there's no limit on how much you can withdraw. In addition you can name your spouse as a beneficiary, so RRIF assets can be transferred to your spouses' RRIF or RRSP on your death. You can't keep your savings in an RRSP forever.

When it Comes to Finances, Canadians Believe One Thing and Do Another

Doug O. Jones | Posted 04.13.2014 | Canada Business
Doug O. Jones

With the Canadian debt-to-income ratio at an historic high, one can only hope that our collective access to information is enabling Canadians to do a better job at aligning their actual behaviours with their stated goal of debt reduction in 2014.

It's That Time Again..

The Huffington Post Canada | Posted 01.25.2014 | Canada Business

This year’s deadline for RRSP contributions is coming up on March 3 — the last day you can contribute 2013 earnings to a retirement savings accoun...

The Lowdown On RRSPs

The Huffington Post Canada | Posted 10.02.2013 | Canada Business

If you're looking to get a tax break on your 2012 income, keep in mind that RRSP deadline day in Canada is March 1. For many of us, getting the spa...

Sunny Freeman

Most Canadians Don't Think They'll Retire Early: Survey

HuffingtonPost.com | Sunny Freeman | Posted 02.20.2013 | Canada Business

Forget Freedom 55 or even 65. The vast majority of Canadians surveyed in a new poll don't expect to retire before age 66. And the number of Canadi...

Canadians Want To Save.. But Probably Won't: Poll

CP | Linda Nguyen, The Canadian Press | Posted 04.12.2013 | Canada Business

TORONTO - A majority of Canadian respondents to a recent poll say they plan on putting money away for retirement this year, but the likelihood of that...

Looming Financial Deadline Has Canadians Stressed Out: Study

CP | LuAnn LaSalle, The Canadian Press | Posted 03.10.2013 | Canada Business

MONTREAL - Canadians who are stressed about the annual RRSP deadline are not alone according to a new study that found 60 per cent of respondents feel...

Why You Can't Part With Your Money For RRSP Season

CBC | Posted 04.29.2012 | Canada Business

With the Feb. 29 RRSP deadline looming, many Canadians find themselves rushing to their respective financial institutions to make last-minute contribu...