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
Moving an FHSA balance to an RRSP
A qualifying direct FHSA transfer can preserve tax deferral without using RRSP room; a cash withdrawal and new deposit are different.
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Saving & retirement 2 min
One RESP payment, two kinds of money
Identify the taxable education assistance payment separately from returned contributions when using an RESP for school.
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Saving & retirement 2 min
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
The dishwasher was fixed. My December transfer could wait.
Étienne has the money to replace a TFSA withdrawal, but the calendar matters as much as the bank balance. A simple same-year contribution example.
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Saving & retirement 2 min
A better TFSA rate does not require a trip through chequing
Ask for a direct TFSA transfer when changing institutions so a withdrawal and redeposit do not accidentally use contribution room.
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