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 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.
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Saving & retirement 2 min
I had circled February. The account wanted December.
Nadia plans a first-home contribution around an old RRSP habit. The useful distinction is between contributing now and claiming the deduction later.
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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
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.
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Saving & retirement 2 min
The RRIF minimum is a withdrawal rule, not a tax exemption
Check the opening value, age basis and payment schedule, then plan tax separately from the required withdrawal.
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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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