TFSAs

TFSA vs RRSP: How to decide between the two

Consider these five factors before deciding whether to contribute to a registered retirement savings plan (RRSP) or a tax-free...

Retired Money

Are GICs a no-brainer for retirees?

GICs were embraced by many Canadian investors last year, whether conservative or not. With rates expected to fall again...

Earn

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...

Retired Money

Inflation a scourge for retirees? Ottawa’s silver lining(s)

Inflation and taxes—both can affect retirement income. Thankfully CPP, OAS and GIS have inflation indexing. Here’s how it may...

Ask a Planner

Should seniors cancel their life insurance policies?

At what point do we no longer need life insurance? You will find the answer by going back to...

Ask a Planner

Should you hold on to unused RRSP contributions?

It may not be a good idea to save up unused RRSP contributions in order to save on future...

Retirement

What’s the average monthly retirement income in Canada?

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Investing

Should retirees pay off their mortgages with investments?

A bank advisor tells a just-retired Canadian that using investments to pay off a mortgage is not a good...

Retired Money

Infinite banking in Canada: Should you borrow from your life insurance policy?

The “Infinite Banking Concept” is gaining popularity with Canadian retirees—but it’s not right for everyone. Here’s how this leverage...