Here’s why you might see an RRSP deduction limit on your notice of assessment, even when you’ve already converted your ...

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and ...

Birenbaum confirms that everyone’s individual registered account, whether RRSP or LIRA, must be converted to a RRIF by the end of the calendar year in which the account’s owner turns 71.

When it comes to settling your affairs, clients often ask about how to get money in the hands of their loved ones as soon as ...

Even couples in the same tax bracket may benefit from pension income splitting. That’s because allocating up to $2,000 in ...

At the end of the year you turn 71, you have to either cash out your RRSP (not recommended), annuitize it or convert it into a RRIF, a registered retirement income fund. The latter is the most ...

The plan: Patrick draws from his defined benefit pension while Ted converts his RRSP to a RRIF now and begins withdrawals.

Transfer the funds to a registered retirement income fund, or RRIF. Buy an annuity. If you’re in a tough financial situation, you may need to access your RRSP funds. However, lump-sum RRSP ...

At this point, an individual must either withdraw the funds, purchase an annuity, or convert their RRSP into a Registered Retirement Income Fund (RRIF) or any combination thereof. Let’s take a ...

In response to the market and economic fallout from the U.S. trade war, the Liberal Party of Canada is pledging a one-year ...