Category Archives: RRSP/RRIF

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 or 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 or 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

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

Stop raiding your RRSPs before retirement

One of the best parts of my job is when I can help people with their retirement plans.  Unfortunately too often, I get humbled from these face to face meetings because I realize that not all retirements happen with a happy ending.  I recently met with 2 people that asked me to share their stories

Should New Canadians join a Group RRSPs?

“Life is what happens to you while you’re busy making other plans.” – Allen Saunders Canada is a truly multi-cultural country, one that is built on immigration. In fact, without the steady stream of immigrants who come to Canada each year, our population growth would be on a negative rather than a positive trend. Some

The differences between LIFs and RRIFs

Recently I wrote about the differences between a LIRA and a RRSP.  In this article I want to follow up and discuss the difference between LIFs and RRIFs. What is a RRIF? A Registered Retirement Income Fund (RRIF) is the most common income option for the RRSP.  If a RRSP is a tax sheltered bucket