RRSP

Mintz argues for tax overhaul Fallback Image Decorative pattern

Tax News

Mintz argues for tax overhaul

Financial advisors may have added flexibility in arranging some of their clients’ registered and non-registered investment products and their clients may retain more of their savings if Jack Mintz can sell some of his proposals to the Conservative government. In a presentation clearly designed to influence the upcoming federal budget, the Executive Director and Palmer […]

By Al Emid |March 9, 2011

3 min read

Colossal RRSP room left untouched Fallback Image Decorative pattern

Industry

Colossal RRSP room left untouched

As a potent savings tool, the Registered Retirement Savings Plan (RRSP) remains woefully underutilized for yet another year. A recent survey by BMO Financial Group revealed only 39% Canadians made an RRSP contribution, well below 50% as had been predicted by an earlier survey by the bank. “We are quite surprised that the number of […]

By Vikram Barhat |March 4, 2011

2 min read

Canadians raiding their RRSPs: BMO Fallback Image Decorative pattern

Industry

Canadians raiding their RRSPs: BMO

After months of being lectured on their debt accumulation habits, Canadians have apparently taken up another bad habit, in part to combat the first: raiding their retirement plans. According to a survey conducted by Leger Marketing for BMO Financial, roughly 40% of Canadians with an RRSP admit they have made withdrawals from their plan before […]

By Steven Lamb |February 28, 2011

2 min read

RRSP, TFSA integral to a retirement plan Fallback Image Decorative pattern

Industry

RRSP, TFSA integral to a retirement plan

The popular notion that RRSPs are only tax-deferred while TFSAs are tax-free is rooted in misconception, says Jamie Golombek, managing director of tax and estate planning at CIBC.

By Vikram Barhat |February 23, 2011

3 min read