With the RRSP deadline fast approaching (Thursday, March 1st) many people are still confused as to where to invest their savings; an RRSP or TFSA? In a perfect world investors would maximize both plans; however for most Canadians that is…
What You Need to Know About RRSPs
A Registered Retirement Savings Plan (RRSP) is not an investment in itself; but rather an account that you hold investments within. An RRSP is not tax-free, it is a savings plan that allows you to put off paying tax on…
Putting Recent Volatility in Perspective
After an extended period of strong performance and a rally that saw the S&P 500 Index surge up almost 22% in 2017, volatility returned to the equity markets with a vengeance this week. Thus ending, or at least interrupting a…
5 Upcoming Changes to CPP
Canada’s finance ministers agreed to a number of changes to the Canada Pension Plan (CPP) during their mid-December meeting that will take effect in 2019. These include: A new formula will be used for Canadians who take extended time-off work…