Cross-border tax practitioners are applauding a decision by U.S. tax authorities. Americans in Canada now will receive an automatic tax deferral on the income they earn within an RRSP or registered retirement income fund (RRIF) without having to make an annual tax filing. “Clearly, there’s no anti-avoidance going on with Americans owning RRSPs,” says Jamie […]
As politicians look at forcing Canadians to save more for their retirement by supplementing forced pension programs, a paper published by the C.D. Howe Institute, a Toronto-based think-tank, says the solution is right in front of us: the venerable RRSP. In a paper released in mid-September, Alexandre Laurin, associate director of research with the C.D. […]
Ottawa should consider changing annual RRSP contribution limits to “lifetime contribution limits”
Industry group urges government to consider contribution changes to RRSP, TFSA and tax incentives for startups
Withdrawals can’t be claimed as a pension credit on tax returns
Advisors can help clients contribute to RRSPs without regret in 2014
Balancing debt repayment with savings leads to delayed contributions
RBC poll finds more Canadians holding RRSPs, making contributions
Drop in RRSP contributors most dramatic in workers over age 55
Court rules investor not eligible to claim business loss on funds withdrawn from RRSP