Saving & retirement
TFSA room, FHSA deadlines, RRSP deductions and retirement income. Follow the different rules before moving money between accounts.
Saving & retirement
21 articles · 1 / 4
Saving & retirement 2 min
A large withdrawal can affect more than the income-tax bill
Match the annual OAS recovery calculation and later monthly deductions to the correct income year.
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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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Saving & retirement 2 min
Before withdrawing from a spousal RRSP, check three calendar years
Recent contributions can cause a spousal RRSP withdrawal to be taxed to the contributor rather than entirely to the account holder.
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Saving & retirement 3 min
Nadia has an accepted offer. The FHSA withdrawal still needs a check.
Review the home purchase, timing, residency and issuer form before requesting a tax-free FHSA withdrawal.
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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
The word "pension" does not settle the credit
Match each payment to the CRA eligibility chart before claiming the federal non-refundable pension income amount.
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