Philip Porado

Baby boomers have been among Canada’s most efficient savers. They’ve taken solid advantage of RRSPs and corporate pension plans that require contributions from monthly paycheques. In some ways, it seems counterintuitive to look at savings opportunities … Read More

It’s commonly believed that any investment can be placed within an RRSP. And while it’s true the majority of investments the average person would choose to shelter in a registered account are fine, there are a … Read More

TFSAs are a great savings vehicle, but a couple of quirks make it possible to accidentally over-contribute—a mistake that incurs tax penalties.

Back in the ’90s, I worked in an office plastered with motivational posters that used images like people rowing in unison to extoll the virtues of teamwork. The management’s public face was hippy dippy, but actions … Read More

It’s the last thing anyone wants to do at tax time—file a whole extra return.

The following article is a guest post by Aleksandra Oleksak, a native Toronto real estate agent. I love Christmas, especially here in Canada where we experience all four seasons. There’s nothing like watching the snowfall during … Read More