Category Archives: RRSP/RRIF

Three Advantages of Using Your Group RRSP to save for HBP

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” – Ayn Rand The Home Buyers’ Plan (HBP) is often referred to as the first time home buyers’ plan which isn’t strictly accurate. While it’s often used by first time home buyers, you don’t

3 Things to Consider When Choosing RRSP Investments

“Risk comes from not knowing what you’re doing.” – Warren Buffet A large part of my job involves providing information to employees who work for a company that offers a group retirement plan. I’m the person that they call when they need information about their group plan or help in choosing their investments. For many

Everything You Need to Know About RRIFs

Most Canadians choose a Registered Retirement Income Fund (RRIF) as their retirement income option. A RRIF is a comfortable transition because of its similarity to an RRSP. A RRIF provides a high level of control over the investments in your retirement plan, the advantage of tax-free growth of assets within the plan, as well as

Advantages of Self-Directed RRSPs

The investment industry has now grown exponentially over the last 20 years. Equity investing has become more popular than ever and investors are more knowledgeable than ever. We now have more investment choices than we have ever had and our access to information is infinite.  How are investors to comprehend all their options like Mutual Funds,

TFSA vs RRSP: Why not do both?

Since TFSAs were introduced in 2009, there has been a lot of great debates over the RRSP and the TFSA.  Here are some examples of the TFSA vs RRSP debate: My article on the new debate between RRSPs and TFSAs Canadian Capitalist surprised by some recent reports that suggest that a lot of Canadians would be better off contributing

RRSP Quick Facts 2015

It’s that time again when Canadians go out and buy RRSPs for the past year. Here are some of the rules and regulations for RRSPs so you can make good RRSP decisions this year. Who is eligible to buy RRSPs? Anyone who has earned income, has a social insurance number and has filed a tax