When it comes to saving and investing in Canada, two highly popular registered account options are the Tax-Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). Both offer ...

A Registered Retirement Savings Plan (RRSP) can be a powerful financial tool for building retirement savings and enjoying tax benefits along the way. An RRSP can contain a variety of investments, ...

A fresh push from tax expert Jamie Golombek is renewing attention on how Registered Retirement Savings Plans can deliver better after-tax results than taxable accounts. The message comes as Canadians ...

With registered retirement savings plan (RRSP) season now in full swing, here are five ideas that can help you take full advantage of this tax-saving vehicle. If you don’t have the cash available to ...

If you’re approaching the age of 45, you might be wondering whether or not your Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP) accounts measure up to the averages. At ...

In my opinion, the fundamental premise behind making an RRSP contribution is to save for your retirement. By investing money in an RRSP account, you gain the benefit of tax sheltered growth. Over the ...

A typical 25-year-old Canadian likely does not have a giant pile tucked away yet, and that is normal. The most current CRA data — from the 2023 contribution year — shows Canadians aged 25 to 29 had an ...

Each of these acronyms represents a type of savings account. Find out which is right for you right now — and in the future. Many or all of the products on this page are from partners who compensate us ...

Registered retirement savings plans, known as RRSPs, and tax-free savings accounts, referred to commonly as TFSAs, are the two most widely used, tax-advantaged savings programs for Canadian taxpayers.