Will I Lose My RRSPs if I Declare Bankruptcy?

Will I Lose My RRSPs if I Declare Bankruptcy?

Sometimes, an individual or a family can feel like they are drowning in debt and can’t see any way out. In some cases, it’s  poor spending habits that have resulted in consumer debt. Some people run into bad luck with an illness, an… Read More


What to do When You Over Contribute to Your RRSP

What to do When You Over Contribute to Your RRSP

An RRSP is a wonderful tool to help you save more money for retirement. However, there are some rules when it comes to contributing to an RRSP that if not followed, you can find yourself in some trouble. But, before you go into… Read More


Should You Pay Off Your Home Buyers’ Plan Early?

Should You Pay Off Your Home Buyers’ Plan Early?

When you’ve spent a lot of time searching and finally found your dream home, it can be all the more tempting to buy it no matter what the price tag might be. Before you’re able to get your feet in the door, you’ll need to put a… Read More


Your 2017 Financial To-Do List

Your 2017 Financial To-Do List

With 2017 in full swing, it’s time to start getting serious about your finances. We know (and hope) that you’ve already got all the basics under control; budgeting, savings, paying down on debt and cutting back on unnecessary spending. Now it’s time to take your financial goals one step further,… Read More


The 2016 RRSP Contribution Deadline is Approaching

The 2016 RRSP Contribution Deadline is Approaching

For those who don’t already have one set up, a Registered Retirement Savings Plan (RRSP) is a type of account that you can open through your bank, credit union or other financial institution. The account is then registered in the Canadian Revenue Agency database. There are several different types… Read More


RRSP Loans: The Good and The Bad

RRSP Loans: The Good and The Bad

If you consider yourself young, then planning for retirement may not be your biggest priority right now. However, it’s always a smart decision to start preparing for your future, sooner rather than later. Putting away money for your RRSP can be difficult, especially if you’re dealing with household bills, credit… Read More


Canada’s RRSP Home Buyer’s Plan

Canada’s RRSP Home Buyer’s Plan

The Canadian Government’s Home Buyer’s Plan (HBP) was created to help Canadians, looking to purchase their first home, come up with the money they need to make a down payment. In Canada, if you’re looking to purchase a house you need to make a down payment that is at least… Read More


Having Trouble Figuring Out Your RRSP?

Having Trouble Figuring Out Your RRSP?

Registered Retirement Savings Plans (RRSPs) are a relativity basic concept, but sometimes they can seem extremely difficult to understand. A high percentage of Canadians have them and contribute to them on a yearly basis, but we’d bet that while you might have an RRSP you’re probably also having trouble understanding… Read More


Note:

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