retirement savings

For people who get excited about RRSPs, the new year brings RRSP season. It’s the window between now and the end of February when scrupulous savers can cram extra cash into their retirement accounts and still … Read More

When you’re earning interest on your investments, you’re going to have to pay tax on the income if they’re sitting in a non-registered account. But if they’re held in a registered account—such as an RRSP—you can … Read More

In Ratehub.ca’s 2017 Digital Money Trends Report, we analyzed how Canadians are using technology to manage their money. We surveyed more than 1,000 Canadians for this report, and asked questions about people’s views on mortgages, credit … Read More

In 2016, a Statistics Canada study revealed that Canadian women had lower financial literacy scores than men and were less likely to consider themselves “financially knowledgeable” (31% of women versus 43% of men). Needless to say, our … Read More

Let me start off by saying (or writing in this case) that $100,000 in savings isn’t a huge accomplishment because it’s not enough to retire on in a city like Toronto. But saving a large amount … Read More

There are a lot of components to consider when planning your retirement. How much do you need to save? When you picture your retirement years, what do they look like? At what age do you want … Read More

An old saying is commonly paraphrased as ‘nothing is certain but death and taxes.’ The latter part is certainly true when it comes to your RRSP.

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

“Why God? Why are you doing this to us?” If you’re in your 30s, you’re old enough to remember Joey asking that question in Friends episode called The One Where They All Turn Thirty. It also … Read More

It’s a conundrum. Young people trying to make it on their own face a lot of expenses at a time when they’re not generally earning much. And, yet, the best time to start saving is when … Read More