Personal Finance Buzz

This online guide really has everything you need to know about the RRSP: contributions and withdrawals, investing, RRSP loans, estate planning and more.

It’s that time again when Canadians go out and buy RRSPs for the past year. Here are some of the rules and regulations for RRSPs so you can make good RRSP decisions this year.

The RRSP deadline is coming up soon. Before you make a RRSP contribution or RRSP withdrawal, here are some RRSP basics you need to know.

What if you need to withdraw more money from you RRSP to go back to school? What if you wanted to supplement a maternity leave with money that is in your RRSP? Or in the case of a job loss, you might also need to pull money out of your RRSP.

In all three of these examples, your income will be lower than when you were working full time. You may have no income at all. Not only can an RRSP provide some much needed income in these situations, there could be a tax savings as well.

On death, the RRSPs are deemed to have collapsed. The tax consequences really depend on who is listed as the beneficiary of the RRSP.

RRSP Season is here. Every year the first 60 days of the year marks an annual financial ritual where Canadians can buy RRSPs and use the tax deduction immediately.

If you have over $50,000 you should consider the merits of a Self Directed RRSP. This threshold is not scientifically calculated; the threshold to consider a Self-Directed RRSP will depend on each individual investor’s personal situation.

A group RRSP is very similar to an individual RRSP you would open at a financial institution except that is administered on a group basis by the employer.

When you retire, you need to convert your RRSP into income. It's time to change from being a saver to a spender. How do you start spending the RRSPs?