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 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
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
Nadia decides to keep renting
Review the account deadline and transfer options when a first-home purchase is postponed or abandoned.
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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
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.
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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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