When the time comes, RRSP or Registered Retirement Savings accounts will be converted to RRIF or Registered Retirement Income Fund accounts, a change that must be made by the end of the year you turn 71. Shifting your portfolio for RRIF withdrawals You can hold the same investments in a RRIF as you would in […]
When Should You Continue Contributing to Your RRSP? If you have a group RRSP with matching contributions from your employer, this will provide a significant boost to your savings. Many group plans offer matching contributions of 25%, 50% or even 100% on contributions up to a certain dollar amount or percentage of income. To get […]