…even though they have exceeded that limit many times in the past. Saving for retirement – People who feel healthy and energetic today can be overconfident about how they might…
Here’s what we found on "retirement"
Locked-in retirement account (LIRA)
Search results
Using annuities for other financial planning goals
…Money for charity: A charitable gift annuity A charitable annuity can be an effective way to generate retirement income and support a charitable cause. Here’s how it works: Make a…
Buying your first home
…Retirement Savings Plan (RRSP) – First-time home buyers can withdraw up to $35,000 from their RRSP towards a down payment. Recently, the federal government announced this will be increased to…
Other types of workplace savings plans
…is a deferred profit sharing plan? A deferred profit sharing plan (DPSP) is set up by your employer to help you save for retirement. Companies often combine a this plan…
How to make a financial plan
…a plan to achieve them. A financial plan can help you if you’re hoping to purchase a home, pay off your student loans or prepare for retirement. It can also…
Understanding the tax deductions on your pay stub
…take time off due to specific life events such as pregnancy or illness. Canada Pension Plan (CPP) is a retirement pension that pays a monthly benefit to those who qualify….
How setting goals can help you save
…goals. Long-term goals – If you haven’t thought about retirement planning yet, this is a great time to start. The sooner you start, the longer time horizon you’ll have to save or invest the money…
Get your savings back on track
…budget and sticking to it will help you get back on track. Use this worksheet to record your budget. 4. Review your retirement plan Depending on your age, you may…
How the First Home Savings Account (FHSA) works
…can you get an FHSA? You can get an FHSA from banks, credit unions, or any financial institution that issues Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs)….
How and why to file your taxes
…earned income (from a job, for example), that means you can make contributions to a Registered Retirement Savings Plan (RRSP). This is an account you can use to save or…