Investment Accounts

The TFSA account is relatively new and often referred to as a younger sibling to the RRSP. The choice of investing in your TFSA or RRSP first is still a debated question but what isn’t up for debate is your … Read more

Every year comes the RRSP season. Advertisements will be sent your way until we reach the RRSP deadline and I wanted to discuss how to maximize your RRSP. Financial institutions will want you to invest with them, or even offer … Read more

RESP, or Registered Education Savings Plan, is an investment account used by parents to save for their children’s post-secondary education in Canada.  There are many advantages for parents, as well as future students, for saving for college or university using … Read more

Canadian investors definitely have a conundrum when it comes to choosing between a TFSA or RRSP – which is actually better? or even which account do you start with first? Good questions and it’s a good problem to have as … Read more

The best investment account for investors depends on a lot of variables. Saving on taxes, in the long run, is usually the primary driver to select one account over another so your personal situation plays a big factor. Prior to … Read more

There is a pre-conceived idea that an RRSP account is your retirement plan. That all your hard-earned savings should go towards it. The financial institutions surely advertise it that way. For many, it may be the only retirement account they will … Read more

As the RRSP deadline approaches (before March 1, 2017 by the way), many look into optimizing their RRSP contribution for the year. Personally, I do the math as early as possible to understand how much I can optimize my RRSP contributions in … Read more