Canada created the RRSP in the 1950s to give people without pensions another option to save money for the future. RRSPs started out less flexible than the current version but improved over the years.

Last Friday, I came home after work and Carolyn said to me, “Let’s go out tonight and have some fun.” “Sounds good to me,” I replied. “If you get back before me, just leave the light on.” Now, as it ...

Canadians are using their self-directed Registered Retirement Savings Plans (RRSPs) to build portfolios of investments that can provide retirement income along with company and government pensions.

Miklos is a friend of mine who came to Canada from Hungary five years ago with his wife, Anna. The couple are in their sixties. Miklos has had some bad luck recently. Two weeks ago he was in a car ...

Spousal Registered Retirement Savings Plan (RRSP) benefits are among the biggest financial perks available to married couples. In 2019, the federal government cracked down on many forms of income ...

Income splitting is a useful tool that can minimize the taxes you and your spouse pay over your lifetime. The goal for any couple is to have equal incomes in retirement, and many steps can be taken ...

This article appears in the March 2022 issue of Advisor’s Edge magazine. Subscribe to the print edition, read the digital edition or read the articles online. Spousal RRSPs were designed to help ...

As the Christmas shopping season is to retailers, RRSP season is to the financial services industry. But, in the years ahead, financial services firms may find that Christmas has been cancelled — or, ...

CALGARY, June 14, 2018 /CNW/ - Cervus Equipment Corporation ("Cervus") (TSX: CERV) today announced that its founder, largest shareholder and Board Chair, Peter Lacey, and his wife, Kathy Lacey, have ...

A spousal RRSP is an RRSP owned by the lower-earning spouse in a couple to which the higher-earning spouse makes contributions. Despite contributing to the low earner’s account, the high earner gets a ...