I would like to do a RRIF meltdown so I can leave more money to my children. I am 72, and in my second marriage. My money will go to my children and my husband’s money to his children. I have about $650,000 non-registered money in a dividend fund, $226,000 in a TFSA, and $840,000 […]
There may be a lot of great brokers online, but what is the best online brokerage for you in Canada this year?While Canada’s online brokers provide roughly the same basic DIY investing and trading services, the platforms, fees and access to investing information can differ” } }, { “@type”: “Question”, “name”: “How do online brokers […]
Jill had spent years building her retirement savings in Canada when she started thinking about what would happen to that money after she was gone. Jill lives in Canada and has built a substantial retirement portfolio, including a Canadian RRIF. Her son, Jack, lives in the United States. Like many parents, Jill assumed that if […]
If you receive the Canada Pension Plan (CPP) or Old Age Security (OAS), including the Guaranteed Income Supplement (GIS), you will get your payments from the government soon. Service Canada is issuing this month’s payments on Wednesday, October 28, 2026. Here’s what you should know about your eligibility and expected amount, per the Government of […]
Can I contribute to both a spousal RRSP and RRSP or does it have to be one or the other? Does the same RRSP deduction apply to the spousal RRSP and the RRSP? For example, if I have $10,000 in RRSP contribution room can I contribute $10,000 to my Spousal RRSP and $10,000 to my […]
Some Canadians will receive a payment from Veterans Affairs Canada (VAC) on Monday, September 28, 2026. The governmental department provides tax-free financial support to Canadian Armed Forces members and veterans, current or former RCMP members, and certain Second World War or Korean War veterans (including Merchant Navy veterans) who have a health condition related to […]
If you’re retired or nearing it, by definition you’re in the retirement risk zone. After half a lifetime or so of prudent saving and investing, you’re now living in part on your accumulated capital and with luck some pensions and/or annuities provided by some combination of the government and past employers. While it’s nice to […]
If you receive the Canada Pension Plan (CPP) or Old Age Security (OAS), including the Guaranteed Income Supplement (GIS), you will get your payments from the government soon. Service Canada is issuing this month’s payments on Friday, September 25, 2026. Both CPP and OAS/GIS payments are issued on the same date each month. Here’s what […]
My first RRIF withdrawal pushed up my taxes more than I expected and I’ve now been hit with quarterly instalment payments from the Canada Revenue Agency (CRA). I’m still working past age 71, like a lot of people these days, either by choice or necessity, on top of the mandatory withdrawal. I am not sure […]
Three types of payments are going out soon, and eligible Canadians should keep an eye on their bank account this week. Payments under the Canada Pension Plan (CPP) and Old Age Security (OAS), including the Guaranteed Income Supplement (GIS), both go out on the same day: Thursday, August 27. The CPP is followed by the […]