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Like a traditional RRSP, a spousal RRSP allows you to defer taxes, giving your investments more time to grow. However, it is also a retirement planning strategy that can help couples reduce the taxes they pay in retirement. What Is a Spousal RRSP? A spousal RRSP is an RRSP that is owned by one spouse […]

RRSPs are a beneficial savings tool for Canadians, but they also have an expiration date. You are required to collapse your RRSP by December 31 of the year you turn 71. This is typically done by opening a RRIF (Registered Retirement Income Fund), though you can also purchase an annuity. If you choose not to

The First Home Savings Account (FHSA) was first introduced to the Canadian public on April 1, 2023 – aimed towards helping non-homeowners save for their first home purchase. It combines the best features of an RRSP (tax-deductible contributions) and a TFSA (tax-free growth and withdrawals), making it one of the most powerful savings tools available

When reviewing portfolio performance, investors often encounter two different return figures: Time Weighted Return and Money Weighted Return. These metrics can tell different stories about how an account has performed over time — because each answers a different question. In this article, we will explore the key differences between time weighted vs money weighted return.

Pay Down Debt or Invest Calculator Many Canadians who secured low mortgage rates during the pandemic are now facing higher monthly payments, as they renew at current elevated mortgage rates. At the same time, with the Bank of Canada reducing short-term rates, the previous environment of appealing low-risk returns — such as the 4-5% offered