Saving & retirement
TFSA room, FHSA deadlines, RRSP deductions and retirement income. Follow the different rules before moving money between accounts.
Saving & retirement
21 articles · 3 / 4
Saving & retirement 2 min
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.
Read the guideSaving & 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.
Read the guide
Saving & retirement 2 min
An RDSP starts with eligibility, not a deposit
Prepare DTC approval and identity information, check age limits and ask about grants and bonds before opening a disability savings plan.
Read the guide
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.
Read the guide
Saving & retirement 2 min
Nadia decides to keep renting
Review the account deadline and transfer options when a first-home purchase is postponed or abandoned.
Read the story
Saving & retirement 2 min
Retirement lowered your income. Tell Service Canada.
A retirement-related income drop may support a current-year income estimate instead of the usual prior-year basis.
Read the guide