Investing terms all DIY investors should know. On this blog, I encourage you to understand how the world works and to take control of your financial destiny.| Savvy New Canadians
The Lifelong Learning Plan (LLP) allows you to withdraw money from an RRSP to pay for full-time education or training.| Savvy New Canadians
Tax season is here, and you can save on your tax bill and get a nice tax refund by maximizing your RRSP contribution for the 2024 tax year.| Savvy New Canadians
What happens to unused RESP (Registered Education Savings Plan) if your child decides not to attend college? It's a good question to ask.| Savvy New Canadians
Although both the TFSA and RRSP are considered excellent savings and investing tools, sometimes, individuals would like to make a distinction between the two plans so they can choose one that best suits their financial realities.| Savvy New Canadians
It is easy to over-contribute to your TFSA. Learn about the TFSA over-contribution tax penalty and how to correct an over-contribution.| Savvy New Canadians
A Group RRSP can easily translate into a 2% to 6% or more annual raise in your salary. See advantages and disadvantages of group RRSPs and employer rrsp contributions.| Savvy New Canadians
Saving for retirement and more money for the kids!| Savvy New Canadians
An RRSP is closed at age 71. You can withdraw cash, transfer to an RRIF, or purchase an annuity. See options for withdrawing income from your RRSP.| Savvy New Canadians
The TFSA provides an opportunity for any resident of Canada (including foreign students, Workers, Permanent Residents) over the age of 18 to save and invest tax-free.| Savvy New Canadians
There are many transfers you can conduct between an RRSP and other accounts, including RESP to RRSP, RPP to RRSP, RRSP to RDSP, RRSP to RRIF transfers.| Savvy New Canadians
Learn about the Registered Education Savings Plan, RESP contributions, withdrawals, and government grants including CESG, CLB, and a-CESG.| Savvy New Canadians
Apply these 10 strategies to minimize OAS clawback and keep most or all of your OAS benefits. Unlike OAS, there is no CPP clawback.| Savvy New Canadians
