RRSPs: The Essentials
What is a Registered Retirement Savings Plan (RRSP)? A RRSP is a retirement savings account available to any Canadian individual taxpayer under the age of 72 and to which they or their spouse/common law partner can contribute – subject to their respective deduction limits. At the very least, an RRSP is an income tax deferral […]
Understanding the RRSP Deduction Limit Statement
Common Questions Every year clients look at the RRSP Deduction Limit Statement on their Notice of Assessment and ask similar questions: Is there a difference between a RRSP contribution and a RRSP deduction? I have RRSP deduction room and unused contributions – what does this mean? My unused contribution room for the year is negative […]
For High-Net-Worth Investors: Life Insurance for Education Planning
For high-net-worth (HNW) investors, life insurance may provide benefits beyond protection, including helping to support the education costs of a child or grandchild. With the ever-growing cost of post-secondary education, many HNW investors are looking for different ways to help support the next generation. For those who have fully contributed to registered accounts (RESPs, TFSAs, […]
Video: Introducing the First Home Savings Account (FHSA)
