A Non-Registered Savings Plan (NRSP) is an account you can open to save and invest without the restrictions of a registered savings account. An NRSP is not registered with the CRA.
Through the Lifelong Learning Plan, you can withdraw up to $10,000 in a calendar year from your RRSP for a full-time training or education program.
The registered pension plan (RPP) and the registered retirement savings plan (RRSP) are accounts you can use to save for retirement. Here's what you should know about both plans.
The primary difference between a Registered Retirement Income Fund (RRIF) and a Registered Retirement Savings Plan (RRSP) is that you a RRSP is used to save and invest for retirement, whereas a RRIF is used to pay you periodic income in retirement.
Here's what a PRPP is and how can you use it to your advantage.
What are group RRSPs? Should I join a group RRSP? How does a group RRSP work? Your group RRSP questions are finally answered!
A Life Income Fund (LIF) is a registered income fund that provides money from your locked-in pension accounts in retirement.
A registered retirement income fund, also known as a RRIF, is a registered plan that you transfer funds from a registered retirement savings plan (RRSP) to, with the purpose of receiving periodic income in retirement.
The 401k is a tax-advantaged retirement savings plan that allows Americans to defer tax on income earned. Here's the Canadian Equivalent of a 401k.
The Tax-Free Savings Account (TFSA) withdrawal and re-contribution implications explained.
This guide provides information on what you need to know about the Registered Education Savings Plan (RESP) in Canada.
Wondering what you can and can't do with your TFSA? Read this guide to learn all about the various TFSA rules so you can make the most of your TFSA.
For couples, spousal RRSPs are one of the best ways to save for retirement. Both higher and lower wage earners can benefit from using spousal RRSPs.
Here's what you need to know if you're considering withdrawing from your RRSP early.
Locked-In Retirement Accounts are lesser-known retirement savings accounts. Not everyone can open one, and there are many rules on how they are used.
This article covers the basics of Self-Directed TFSAs, the value it brings, potential pitfalls, and how to get started with an account of your own!
Saving enough money for retirement can be a formidable task. Learn how an RRSP can accelerate your savings rate and slash your tax bill along the way.
Putting money into an RRSP is a great way to both lower your taxable income and save for retirement. Here are some details on RRSPs in Canada.
The RRSP deadline for the 2020 tax year was March 1st, 2021. That means you had until that deadline to contribute to your RRSP for the 2020 tax year.
Learn how you can stay within the rules and be as efficient as possible with your tax-free savings accounts.
Unsure about the difference between a RSP vs RRSP? Read this easy-to-follow guide and rid yourself of all confusion about retirement savings plans.
Two-thirds of Canadians hold either a TFSA or an RRSP, or both. Let’s look at what these accounts have to offer, and which best suits your particular needs.
In the world of Canadian personal finance, the Tax Free Savings Account (TFSA) is one of the most important tools that investors can use as a ‘tax shelter’ for their investments.