I wish we could call a "time out" for politicians. Wouldn't it be great if we could send them to some dark room in Parliament and make them think about what they're doing? I'm talking about the tax you pay on your RRSP and all other types of investment accounts. Tax on TFSAs, RESPs and RDSPs. Yes, you're reading this correctly.

Filing your tax return may seem like an unnecessary task if you earned little to no income during the year. Or if you are expecting a refund, your attitude may be that there is no rush to file by the April 30 tax deadline. However, there are some very good reasons to file your tax return on time every year.

When it comes to dealing with money, there are two simple ways to break it down: things you can control and things you can't. Once you understand the things that you can control, the next thing is to "try" not to worry about the things you can't. Here are my top five ways to take control.

It is clearer than ever that most Canadians have to fend for themselves when it comes to retirement. For most retired Canadians, the combination of an employer's Defined Benefit Pension Plan, CPP and Old Age Security (OAS) provided them with a secure retirement lifestyle. This is not the case in 2013. Why?

When I'm lecturing to students I like to ask them how much a $100 pair of shoes costs. The most common answer is $100 plus tax. Would you believe me if told you it could be as much as $1,376.46? As a 20-year-old, if you convinced yourself not to buy the shoes, and invested it instead -- with an assumed rate of return of 6 per cent -- you'd have $1,376.46 by the time you were 65 years old.

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...

We all want to retire at some point, so saving money for the future is a good idea. And RRSPs are one of the best tax shelters available to Canadians. But RRSPs do not offer a great deal of flexibility if you need to withdraw the money early. Before you make an RRSP contribution, you should decide if it is the right choice for you.

CALGARY - It's the battle of the acronyms — RRSP or TFSA?They're both savings vehicles that can help with your tax bill, but which one reigns suprem...

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...

It's the eternal question: if you want to secure your financial future, how should you go about it? Should you save or should you invest? Well, the ty...

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...

MONTREAL - Young people apparently aren't optimistic that they'll enjoy a comfortable retirement, with 80 per cent of Canadians between the ages of 18...

Does the word “retirement” scare you? Is it a far-off goal or just around the corner? No matter where you are in your career path, you should b...

Given 25 years of stagnant wages for middle-income earners and real wage decreases for lower-income earners, it's not surprising how difficult it is for people to save. Canadians have a low, and declining rate of saving, with some people using their Registered Retirement Savings Plans (RRSPs) as unemployment insurance programs.

MONTREAL -- Many Canadians live frugally for years in the hope of leaving large legacies to their children, but without proper estate planning those l...

TORONTO - The C.D. Howe Institute is calling for significant changes to Ottawa's proposed new pension system, dismissing it as a re-release of the exi...

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

The deadline for RRSP contributions is nearing, but there's another important investment concern for Muslims — ensuring the products they rely on fo...

If there's one constant investors have faced over the past few months, it's been volatility. The swings have been downright wild at times, as headline...

OTTAWA - Contribution rules for a popular tax shelter continue to perplex ordinary Canadians, despite a year-long information blitz by the Canada Reve...