Registered retirement savings plan contributions reached a record $32.4 billion in 2006, Statistics Canada reported today. Contributions rose 5.8% from 2005.Just under 6.2 million taxfilers contributed to an RRSP in 2006, an increase of 60,000 or 1% from 2005. This was the highest level since 2001, when over 6.2 million people contributed to an RRSP.Alberta […]
This year’s federal budget tacked another couple of years onto the maturity date of RRSPs. For 2007 and subsequent calendar years, the conversion age for RRSPs will be moved to the end of the year in which the holder turns 71. It was 69 previously. The budget changes recognize the fact that people are living […]
Laval-based firms were fined a total of $300,000
Large undecided group suggests education and awareness is needed
RRSP eligibility extended to Maple bonds
Eliminates annual contribution limit and raises lifetime limit
55% of those who made a contribution consulted a financial advisor
Real estate investments may finally be losing their appeal, says Scotia Economics
FaithLife Financial awarding five prizes of $1,000
Rise in total contributions masks growing income disparity