“We’re set for life. Should we cash out an RRSP?”
The cost/benefit analysis of liquidating an RRSP can get complex fast. What matters more are your priorities.
FPAC
Members of FPAC (the Financial Planning Association of Canada) are a source of quality advice. Working closely with governments, regulators, financial planners, academia, vendors and the general public, FPAC’s goal is to set standards and principles that will allow financial planning to evolve into a knowledge-based profession that ultimately commands the credibility, public awareness and respect afforded to other advisory professions. If you have financial planning questions, FPAC members can help—consult our directory of members to find the right fit for you.
25 money moves to make by age 25 in Canada
From opening a TFSA to doing your own taxes and negotiating a raise, we share 25 ideas to kick...
Can you delay a RRIF withdrawal?
Let’s set the facts straight about RRSP/RRIF conversion, withdrawal amounts, claw backs and withholding taxes.
How long it takes to get your tax refund in Canada—and how to spend it
Got a refund? Lucky you! Find out when you’ll get the money, what to do with your income tax...
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“Our parents just passed—What do we do about their estate?”
Two siblings’ complex inheritance provides a case study in minimizing death taxes.
Financial hardship withdrawal exceptions and increasing income in retirement
Money in a LIRA or LIF is intended to last a lifetime, making it difficult to access more than...
What is the CPP enhancement?
Contributions to the Canada Pension Plan have gone up in 2024. Here’s why, and how much more you’ll pay...
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Where should working retirees put extra income: A TFSA or an RRSP?
Working Canadian retirees may look at CPP and OAS as extra income. Is putting that money in a TFSA...