All posts for Saving Tips

Compound Growth – Time on Your Side

Albert Einstein reportedly said, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” When it comes to investing, there are two very important keys to success: harnessing the power of compound growth, and starting early. Let’s take a look at each of these concepts, beginning with compound growth. (Note […]

Read more


Should You Have a Spousal RRSP?

A spousal RRSP is not just for retirement planning – it can also be a great tax planning tool. Given the high level of taxation in Canada, tax savings should always be a priority for Canadian investors. Proper tax planning involves making the most of any potential tax savings strategies available to you. First and foremost, although the official terminology […]

Read more


Should You Share Your CPP Retirement Pension?

Many Canadians approaching retirement wonder if they should share their CPP retirement pensions. While this may be advantageous for some, it’s not always the best choice for all. First and foremost, in order to be eligible to share your CPP pensions, you must currently be married or in a common law relationship. Single individuals, as well as those who were […]

Read more


What Happens to Your RRSP at Age 71?

In the past, most Canadians relied heavily on employer pension plans and government pension plans to provide a source of income in retirement. These days, many employers no longer offer pension plans, and individuals frequently change careers and employers. As such, the Registered Retirement Savings Plan, or RRSP, has become one of the most common retirement savings plans in Canada. […]

Read more


NEW! First-Time Home Buyer Incentive

Question. Hi, my spouse and I have been renting an apartment for the last few years, and we’re now ready to buy our first home together. We are wondering what programs are available for a first-time home buyer that could be beneficial. Do you have any advice for us?   Answer. Your timing is great! As of September 2nd, the […]

Read more