RRSP

Industry

Prepare clients for OAS and tax changes

There’s a bigger issue behind the new OAS rules than rising life expectancy of Canadians.

By Vikram Barhat |December 17, 2012

4 min read

Industry

Canadians save, pay down debt for retirement

More Canadians are saving money (70%) to prepare for retirement, and many are also taking a more holistic approach by paying off debt (66%), finds an RBC poll. Figuring out what regular expenses would be (45%) and building up an investment portfolio (39%) were the next most common activities. Also, this year’s study found more […]

By Staff |December 12, 2012

2 min read

Estate Planning

Cover all bases for clients

Complete financial planning means achieving more than basic goals.

December 11, 2012

5 min read

Industry

Canadians not maxing out RRSP contributions

There are more Canadians this year with an RRSP account—67% versus 61% last year, finds a study by BMO. But many are not maxing out their annual contributions. Read: When a client has capital losses in an RRSP In fact, just one-third are aware of their annual contribution limit, while 60% rarely or never contribute […]

By Staff |December 6, 2012

1 min read

When a client has capital losses in an RRSP

With at least three decades to go before retirement, Josh’s portfolio is invested in global mutual funds, commodity stocks and specialty funds. Through diligent saving, he has managed to put away $110,000.

By Lisa MacColl |December 3, 2012

5 min read

B2B Bank offers preferred rates on loans

B2B Bank and Pro-Financial Asset Management Inc. have signed agreements for the distribution of investment and RRSP loans. Under the terms, B2B Bank will offer preferred rates on investment and RRSP loans to Canadian investors who purchase eligible Pro-Financial funds through licensed advisors. Read: B2B Trust converts to bank “Over the past five years, we […]

By Staff |October 5, 2012

1 min read

Half of Canadians don’t have emergency savings: CIBC

Almost half of Canadians (45%) don’t have an emergency savings fund, meaning an unexpected expense could have them dipping into RRSPs or taking on debt, finds a CIBC poll. Read: How to protect emergency savings Additional findings include: “For younger Canadians who are just starting out financially, building an emergency fund should be a priority, […]

By Staff |August 13, 2012

1 min read

Why clients must pay back RRSP withdrawals

The HBP allows first-time home buyers to withdraw up to $25,000 from their RRSPs to assist them with buying a home. The funds need to be paid back over a 15-year period. If payment is missed in a particular year, the amount not repaid must be included in the participant’s income for that year.

3 min read

RRSP

Prepare clients for OAS and tax changes

Canadians save, pay down debt for retirement

Cover all bases for clients

Canadians not maxing out RRSP contributions

When a client has capital losses in an RRSP

Are your clients dipping into their RRSPs?

TFSA or RRSP, what’s the right choice?

B2B Bank offers preferred rates on loans

Half of Canadians don’t have emergency savings: CIBC

Why clients must pay back RRSP withdrawals