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What is an RRSP?
What is an RRSP? Why do you need to know this definition? The MoneySense Glossary is your resource for...
What is an RESP?
How does an RESP account work? What are the benefits of opening one? Learn more about using this registered...
How much money do you need to retire in Canada? Is it really $1.7 million?
While $1.7 million is a big number, it’s possible to retire in Canada on that amount, if you start...
What is a high-interest savings account in Canada?
Dubbed by bankers and those in the financial industry as a HISA, a high-interest savings account isn’t what it...
Can you maximize your RRSP and TFSA with an income of $0?
With a year of no income, find out if it makes sense to max out registered accounts like an...
Who to name as executor when family members aren’t an option
It’s not always possible or beneficial to name a family member or close friend as executor in your will....
What is a LIRA?
A locked-in retirement account (LIRA) is a type of investment plan in Canada. Find out how LIRAs work and...
Are spousal and child support payments taxable?
Spousal and child support payments are taxed differently. And lump-sum payments may come with their own tax implications.