Financial Library

Portfolio Diversification

Posted on 08-14-2012

Looking back over the past few years, one thing is certain - we can never be absolutely sure what the financial markets will do at any given time.

RRSPs & TFSAs - What's the Difference ?

Posted on 07-10-2012

Tax Free Savings Accounts (TFSAs) were introduced in 2009 and they seem to be struggling to catch on. Registered Retirement Savings Plans (RRSPs), however, have been around for over fifty years and attract billions of dollars of deposits each year. If you are serious about saving for your future, it is important to know the differences between the two.

While RRSPs and TFSAs seem to be very similar on the surface, they are really apples and kumquats apart. The only similarity is that, within limitations, earnings inside either plan are allowed to grow without current taxation.

Late Career Retirement

Posted on 07-10-2012

The most recent federal budget caused quite an outcry when the feds proposed changes to Old Age Security (OAS). If you haven't heard, the plan is to change the eligibility age to 67 from 65. While these proposed changes only affect those under age 54 as of March 31, 2012, it became apparent that even a few hundred dollars a month in retirement can mean a lot to many future Canadian retirees.

Syndicate content