The RRSP deadline for 2015 2016 is coming up on February 29 March 1, 2017. Here are the top 11 mistakes to avoid. Waiting until the last minute to contribute The deadline to make RRSP contributions for the 2015 tax year is February 29. An RRSP allows your gains to grow tax-deferred until you make a withdrawal. The earlier you […]
Stock markets had another bad month in January. The Bank of Canada left interest rates unchanged despite analyst predictions and the Bank of Japan joined the negative interest rate club.
RRSP contributions can increase your income tax refund Get those sweet, sweet tax savings. Time is running out to contribute to your RRSP for the 2015 2016 tax year. Why should you care? Read on. But first – do you: Have any outstanding high-interest debt, like credit cards? Unless you have a contribution-matching program through your employer (hello, free money!), the […]
What are RRSPs? An RRSP (Registered Retirement Savings Plan) allows you to save and invest money for retirement. When you make a deposit to your RRSP this creates an income tax deduction that you can use in the current year or use on a future year’s income tax return. Tax deductions reduce your taxable income for the year and this […]
Well, January has been fun so far! After the Santa Claus rally failed to materialize in December, the selling continued into the New Year. With RRSP season just around the corner this sell off might have you reconsidering contributing to an RRSP before the deadline on February 29. While the sell off on stock markets around the world has been […]
Stock markets had an uncharacteristically bad December. The US Federal Reserve finally raised interest rates, while the Bank of Canada left interest rates alone.
To justify the high fees on mutual funds, their advocates will often use the argument that you are paying for the skill of the portfolio manager who is actively managing the fund. But just how active are most mutual funds? Active Share A measure called active share can help determine just how active your mutual fund is. Active share compares […]
Volatility continued its decline in November from the high levels seen in August and September. Performance was flat to negative on most stock markets and commodities had difficult month.