Comments on: RRSP Basics-Understanding RRSP

By: Ray

Ray — Sun, 20 May 2012 21:14:34 +0000

Yea you can certainly transfer your funds, just contact the transferring institution and they can walk you through the process.

By: Angelo

Angelo — Sun, 20 May 2012 19:25:07 +0000

Can I move my RRSP account to another RRSP account or financial institution?

By: Ray

Ray — Thu, 22 Mar 2012 03:42:24 +0000

Yes you will have to report your RRSP contributions on your tax return, that is how you get the tax deductions. Maximize RRSP claim I assume means contribute the maximum RRSP amount.

By: Anna

Anna — Thu, 22 Mar 2012 01:57:45 +0000

Do I need to include my RRSP contribution in my tax return? Also was does ‘Maximize my RRSP claim’ mean? I will not need the money …. so do I need to include it ?

By: Your Future Depends on Investing Now

Your Future Depends on Investing Now — Thu, 17 Mar 2011 11:02:11 +0000

[...] to your account, courtesy of the company. [Editor's note: 401K is the American equivalent to RRSP, these tips apply to both [...]

By: Deferral of RRSP income: A Great Tax Strategy . . .But

Deferral of RRSP income: A Great Tax Strategy . . .But — Thu, 17 Feb 2011 12:02:09 +0000

[...] it comes to money and personal finance, this time of year gets people thinking about tax and RRSPs (Registered Retirement Savings Plan). When you buy your RRSPs, we often get focused on the tax deduction and forget the benefits of [...]

By: Why Students Should File Tax Returns

Why Students Should File Tax Returns — Wed, 03 Mar 2010 11:05:16 +0000

[...] What is an RRSP? Isn’t that for my retirement? I’m young, why would I want to worry about this now? An RRSP stands for a Registered Retirement Savings Plan and yes the RRSP is an investment vehicle geared to help you save for retirement. However by opening up some contribution room early it will allow you to make contributions right away when you begin to work full-time. When you contribute to your RRSP, you receive valuable tax credits which can amount to refunds of 30-40% of your RRSP contribution! [...]

By: Tax Free Savings Account (TFSA) Ideas | Financial Highway

Tax Free Savings Account (TFSA) Ideas | Financial Highway — Thu, 09 Jul 2009 15:37:34 +0000

[...] Canadians contribute to their RRSP plans to save towards their Retirement goals, and that is what RRSPs are meant for. However the [...]

By: Ray

Ray — Sat, 28 Feb 2009 05:54:47 +0000

that is a great question choosing an institution for your RRSP holdings is a whole topic by itself. The main thing to note is that there are differences between the institutions and yes there are fees for RRSP accounts varies from institution to institution, I will discuss this further in another post, meanwhile check with your institution and do a little bit of research.

By: Recessionista

Recessionista — Fri, 27 Feb 2009 21:49:09 +0000

Are banks or other financial institutions better option for rrsp accounts? What fees should one be aware of with the different investment choices?