Retirement Savings in Canada by Age Group
Retirement savings is a crucial aspect of an individual’s financial planning. In Canada, the age of retirement is 65 and… Read More »Retirement Savings in Canada by Age Group
Is a Million Dollars enough for a Canadian to Retire at 55?
John and Susan are a hypothetical couple with two kids living in Canada. They have both worked for 30 years… Read More »Is a Million Dollars enough for a Canadian to Retire at 55?
Tax-Free First Home Savings Account (FHSA) for 2023
The Tax-Free First Home Savings Account (FHSA) is a savings program available to Canadian residents who are saving money to… Read More »Tax-Free First Home Savings Account (FHSA) for 2023
2022 RRSP Contribution Limits
The RRSP contribution limit for the 2022 tax year (which can be contributed to until March 1st, 2023) is $27,830.… Read More »2022 RRSP Contribution Limits
What is Canada Pension Plan (CPP)?
The Canada Pension Plan (CPP) is a government-sponsored pension plan that provides retirement, survivor, and disability benefits to eligible Canadian… Read More »What is Canada Pension Plan (CPP)?
Canada Pension Plan (CPP) and Old Age Security (OAS) Pension Death Benefit: Allowance for the Survivor
The Canada Pension Plan (CPP) provides financial support to eligible Canadian residents in the event of retirement, disability, and death.… Read More »Canada Pension Plan (CPP) and Old Age Security (OAS) Pension Death Benefit: Allowance for the Survivor
The Smith Maneuver: A Guide for Canadians
The Smith Maneuver is a financial strategy that was first introduced by Canadian financial advisor, Fraser Smith, in the 1980s.… Read More »The Smith Maneuver: A Guide for Canadians