Saving & retirement
TFSA room, FHSA deadlines, RRSP deductions and retirement income. Follow the different rules before moving money between accounts.
Saving & retirement
21 articles · 4 / 4
Saving & retirement 2 min
The RRSP deposit still needs its HBP designation
Use your HBP statement to identify the required repayment and designate eligible contributions correctly on the return.
Read the guide
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.
Read the guide
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.
Read the story