Tag Archives: Retirement

Saving RRSP room?

Saving RRSP (Registered Retirement Savings Plan) room is a great strategy if you are expecting a large tax year in your future. For example if you make $70,000 [..]

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RRSP Beneficiary Designation

RRSP’s (Registered Retirement savings Plan’s) and all registered accounts (RIF, LRSP and other registered accounts) offer the ability to designate a beneficiary, seems simple enough, however there is [..]

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Using the RRSP “Gross up” Strategy

This is a simple strategy to increase the size of your RRSP (Registered Retirement Savings Plan) without losing more of your income to savings.  The best way to [..]

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How much can I contribute to my RRSP?

Instead of calculating how much RRSP (Registered Retirement Savings Plan) room you have and risk getting it wrong, I recommend looking on your “Notice of Assessment” which is [..]

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RRSP Deadline

The RRSP deadline for your 2012 contribution is March 1 2013.  If you are planning to get an RRSP (Registered Retirement Savings Plan) this year time is running out.  Leaving [..]

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RRSP’s and Education (LLP)

  The LLP (Life Long Learning Plan) can be a great option, although I rarely see a fit for it.  The Life Long Learning Plan allows you to [..]

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RRSPs and Buying a Home (HBPP)

  Using your RRSP’s for a down payment on your first home is common, and with the HBP (Home Buyers Plan) you can borrow money from your RRSP [..]

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Do RRSP Loans make sense?

Every year RRSP loans are a popular option when investing in a RRSP (Registered Retirement Savings Plan), but do they make sense?  Like most financial tools they need to [..]

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RRSP or Spousal RRSP?

One option that RRSP’s (Registered Retirement Savings Account) offer that is underutilized is the Spousal RRSP.  With this you can contribute to the RRSP and get the full tax deduction; [..]

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My RRSP or My Spouses?

When making an RRSP (Registered Retirement Savings Plan) by default in our name, however if you are married or common-law, it might make more sense to contribute in your spouse’s [..]

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