Tag Archives: Retirement

Brief Guide to RRSP for the 2019 Tax Season

Getting right into it. What is an RRSP? A Registered Retirement Saving Plan (RRSP) is a government sanctioned investment plan designed to help a taxpayer save for retirement by making contributions that are tax deductible. This means that you can contribute to an RRSP and claim the deduction from the income in the year of…
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Changes in Canada Pension Plan (CPP)

Why are these changes needed On January 1, 2019, the Federal government started making enhancements to the Canada Pension Plan (CPP). These changes are being made to cope with the increasing number of people who will be retiring in the future without any savings. Right now there are about 4.8 million people in Canada over…
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