While most Canadians will benefit from continuing to contribute until the day they retire, some will be better off calling a halt sooner. When you are in your career’s home stretch and approaching ...

U.S. ETFs like VOO are best prioritized for an RRSP to avoid the 15% foreign withholding tax on dividends. U.S. dividends in a TFSA are subject to a 15% withholding tax, but in an RRSP, that tax ...

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. FP Answers: I agree that ...

My neighbour, Jack, makes me laugh. He just reached age 71 and was telling me this week how old he feels. “Tim, when I was young, I used to make a lot of noise having fun. Now, I make a lot of noise ...

Q. I have been reading about holding U.S. stocks in a tax-free savings account (TFSA), and how this could be problematic due to U.S. withholding taxes. I still have contribution room in my registered ...

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. FP Answers: Your decision ...

An RBC RRSP can be used to set money aside for retirement and offers a short-term tax benefit. You can also borrow from it for specific major life expenses. RBC RRSP lets you deduct contributions (up ...

Use these high-interest RRSPs to build retirement savings in the short term before deciding how to invest your money in the long term. Many or all of the products on this page are from partners who ...

The beneficiary: “Nadine” is a 70-year-old retired social worker living on the East Coast. For years, she’s been taking care of her near-centenarian mother (and her mother’s other children, Nadine’s ...

If you receive a severance package, you’ll have choices to make around your finances. Here’s how to make the best of a bad situation. In every province and territory, there are statutory minimum ...

Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of ...