Everyone knows it’s RRSP season, but what’s less obvious is how to best direct your contributions over the years. Different ages and life stages call for different strategies. There’s an overarching theme, though: anything you can put toward your retirement is a good thing. “When it comes to contributions, it’sContinue Reading

Tax-free savings accounts (TFSA) may be increasingly popular, but they also have a lot of Canadians scratching their heads. Forty-eight per cent of Canadians have a TFSA, up from 23 per cent in 2012, according to Bank of Montreal’s recently released Tax Free Savings Account (TFSA) report. However, there’s confusionContinue Reading

Contribution rules for a popular tax shelter continue to perplex ordinary Canadians, despite a year-long information blitz by the Canada Revenue Agency and the big banks. The agency sent out almost 103,000 letters to holders of tax-free savings accounts this month warning they likely over-contributed in 2010 — and nowContinue Reading

Canadian opposition parties brought down the Conservative government in a no confidence vote Friday, triggering an election that polls show the Conservatives will win. The opposition parties held Prime Minister Stephen Harper’s government in contempt of Parliament in a 156-145 vote for failing to disclose the full financial details ofContinue Reading