RRSP vs. TFSA: Which is right for me?
Which is better—a TFSA, or an RRSP? That’s kind of like asking, “Which is better—a t-shirt, or a sweater?" Fundamentally, they do the same thing—t-shirts and sweaters both...
When’s the RRSP Contribution Deadline? Key Dates you Need to Know
The 2020 RRSP deadline is fast approaching! This is the time of year when Canadians tend to rush and contribute a little extra in order to unlock a...
Should I borrow to invest in an RRSP? It’s not the smart-money thing to do
Every year around RRSP contribution season, this question seems to pop up: should you borrow to invest in an RRSP? The idea can look good on paper when...
Take Money Out of an RRSP? Sometimes it is the Smart Move
Is it ever a good idea to take money out of an RRSP before you retire? Most of the time, that’s a big no-no. It does happen, though,...
Pay Yourself First this RRSP Season. A Get Rich Slowly Method that Really Pays Off
Did you make an RRSP contribution this year? If so, you may have been like the majority of Canadians (60%) who waited until the last two weeks before...
3 Things You Should Do With Your Tax Return This Year
It’s tax time, and almost everyone I've spoken with in the past few months is excited to receive a refund from the government... myself included. And while some...
Are the Joneses Really Wealthier Than You?
We all have that friend. That one who clogs up our Facebook feed with constant reminders about how luxurious their life is. If is isn’t their million dollar...
Why Your RRSP is Not an Emergency Fund
Using your RRSP in a pinch? There are costs to dipping into it early. A TFSA is much better-suited for that purpose. Your RRSP is not an emergency...
Your Personal Finance Journey. TFSA, RRSP and Bank Accounts
When you're in this business, you spend a lot of time talking to people about their finances. On the clock, off the clock, at the supermarket, at the...