RRSP Tips and Strategies

Toronto, ON (11/19/2012) – A recent Scotiabank poll found that more Canadians are willing to take money from their RSP to pay off other expenses than in past years. However, the top reason cited for withdrawing the money from an RSP was to buy a first home (40 per cent). That said, taking money out […]

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Shaun Paul Brockley asked Scotiabank Retirement expert Bev Moir if he should use his RRSP to pay off his credit card debt before getting a mortgage. Watch Bev’s response, and post your own retirement planning questions here on our Wall. One more day to get Bev’s response to your question …. Bev Moir Answers Questions […]

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In the second video of our series, Scotiabank Retirement Expert Bev Moir answered a question from Chris Gillis on how one can determine the right mix of savings – between TFSA, RRSP, an employer pension – also factoring in OAS and CPP. Watch Bev’s response and post your retirement planning questions here on our Wall. […]

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The deadline for 2010 RRSP contributions is Monday, March 1st, 2011. The maximum contribution limit is $22,000. For those of you ahead of the curve, the contribution limit for the 2011 taxation year is $22,450. We hope this information is helpful to you. If you have questions or concerns related to your situation, please contact […]

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Advice for Last Minute RRSP Contributors

by Bev Moir on February 28, 2009

With the RRSP contribution deadline approaching on Monday March 2, it’s important not to miss the opportunity of contributing to save taxes on your 2008 income filing. If you don’t have the cash to contribute, consider taking out an RRSP loan. Rates are low and if you expect a refund, you can use it to […]

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Where’s the Money Being Invested in 2009?

by Bev Moir on February 5, 2009

Investors are scared and discouraged as they head into 2009. The rapid economic downturn experienced in 2008 combined with very dismal market returns has left many wishing they had saved more and had retreated from the capital markets in 2008. With the start of a new year, investors get another opportunity to re-evaluate their investment […]

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Employer RRSP Plans

by Bev Moir on January 19, 2009

Some employers support their employees’ retirement savings by matching the employee’s RRSP contributions to an RRSP of their choice or to a company-sponsored group registered savings plan. Usually this benefit is voluntary and companies usually match a portion of their employees’ savings. For example, if an employee contributes $1.00, the employer will match by $0.50 […]

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Finding the Money to Make an RRSP Contribution

by Bev Moir on January 12, 2009

Perhaps this year more than previously, people saving for their retirement may be thinking of not making a contribution. Last year’s poor equity market returns heightened investors’ fear and, many investors are concerned about earning sufficient income this year or worried about their job security to feel comfortable maximizing their RRSPs. Clearly one’s personal situation […]

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RRSP Contribution Limits and Deadlines

by Bev Moir on January 5, 2009

Who can contribute to an RRSP? Anyone who has earned income can contribute to an RRSP up until the year they turn 71. Contributions made in the first 60 days of 2009 can be applied against either your 2008 or your 2009 income taxes. This year, the 60th day falls on March 2, 2009. How […]

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