Now is a great time to review your clients’ files to see if you have the most up-to-date information on their available RRSP contribution room
The government is eliminating medical services plan premiums and returning about $1,800 each year to families
The most important consideration in this process is whether a client can use his or her foreign tax credits against other income in the year of transfer
Canadians deposited more than $40 billion into their plans, averaging $3,000 per contribution
A new report highlights the steady increase in the amount of money withdrawn from retirement savings to meet short-term needs
Investors may reconsider the risks they take on within their RRSPs
Although clients may be upset at having to pay taxes on their RRSP and RRIF withdrawals, RRSPs are the optimal, long-term savings vehicle for most clients
The top reasons pushing Canadians to make RRSPs a priority this year are receiving a tax refund and saving for retirement
Canadians who work with an advisor are much more likely to take advantage of tax-registered plans such as RRSPs and TFSAs
Report debunks common myths behind the recent decline in RRSP contributions