Tag Archives: Government

RRIFs and what every senior needs to know

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You can’t avoid death or taxes but with a bit of planning, a RRIF can be structured to minimize investment losses and make withdrawals a painless process. MORE

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RDSPs – Helping parents of disabled kids plan for the future

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The registered disability savings plan was designed to provide parents of special needs kids with a vital tool with which they can plan for their future care. MORE

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Don’t Leave Money on the Table: Save for Your Child’s Education With a Registered Education Savings Plan

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The RESP was created to encourage parents or other relatives to save for their children’s post-secondary education. The amounts you put into an RESP are not tax deductible – that is, you must first pay tax on the money you contribute. But you do not pay tax on any gains or investment income you earn while the funds remain in the plan – they are sheltered from tax. MORE

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