Saving & retirement
TFSA room, FHSA deadlines, RRSP deductions and retirement income. Follow the different rules before moving money between accounts.
Saving & retirement
21 articles · 2 / 4
Saving & retirement 4 min
Too much went into the RRSP. Start with the dates.
Reconstruct dated contributions before calculating an RRSP excess or choosing how to remove it.
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Saving & retirement 2 min
Pension splitting starts with the type of pension
Compare both returns and allocate the related withholding consistently when electing to split eligible pension income.
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Saving & retirement 2 min
A TFSA excess can cost tax even if it lasts only a few days
Find the highest excess in each affected month, stop further excess deposits and check the separate TFSA return.
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The RRSP decision arrives before the year ends
Plan the maturity of each RRSP before December 31 and distinguish a direct registered transfer from a cash withdrawal.
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The pension arrived without a tax deduction
Estimate the tax on all retirement income, then decide whether to request deductions from CPP or OAS payments.
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Saving & retirement 2 min
Étienne finds two different RRSP numbers
Read the RRSP statement on your assessment and subtract contributions already made before sending more money.
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