Educational savings strategies

Like everyone, you want the best for your children and grandchildren - including a good education. In today’s competitive job market, a college or university degree is more important than ever before, and will likely become even more necessary in the future. That’s why it’s essential to start planning now for how you will meet the costs of that education. Learn more.

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The Home Buyer’s plan – Is it right for me?

If you are considering purchasing (or building) your first home, the Federal Government’s Home Buyer’s Plan is an option you may want to consider. This plan was first introduced in the 1992 Federal Budget to assist first time home buyers. The plan allows you to withdraw up to $20,000 from your RRSP. There is no tax withheld on this withdrawal, however, the funds must be repaid in annual minimum amounts over a period of 15 years. Learn more.

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RRIF quick facts

You must have decided on your maturity option and collapsed your RRSP by December 31st of the year in which you turn 71, at the latest. You can select any or a combination of the following options. Learn more.

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Understanding spousal RRSPs—Why you should use one

With fewer and fewer income splitting opportunities between spouses, it is important to understand the strategies that remain.  Spousal RRSPs are an effective way to split income between spouses during retirement. However, it is important that you know the rules. What is a Spousal RRSP? Learn more.