Should you withdraw from an RRSP to pay bills?
Taking money from your RRSPs early to pay for debt has implications, including taxes, the loss of growth in...
Articles By Allan Norman, MSc, CFP, CIM:
Are fees for your TFSA tax deductible?
From HST to advisory fees, are the charges for a TFSA tax deductible? What is the savviest way to...
How does a spousal RRSP withdrawal work?
Who can claim an RRSP withdrawal as income—the contributor or the spouse—and when it’s best to take any money...
Converting mutual funds: The benefits, the risks and the costs
How to deal with DSC fees when redeeming mutual funds and find out if it’s worth paying the fees....
“Should we refinance our mortgage?”
Rates are significantly lower than the one Jill and Bob have locked into until 2024. Would they save money...
Is it time to search for bond alternatives for your balanced portfolio?
Understanding why you own bonds in the first place can help you decide on possible bond alternatives.
Do you ever have a legal obligation to pay RESP money back to your parents?
Barbara wonders what a time-out from her studies might mean for her Registered Education Savings Plan, and if the...
Are single seniors unfairly penalized at tax time?
Karen wonders if her latest tax bill is too high, and whether there's a way to avoid the social...
Reality-testing your financial plan
John's advisor seems impressive, but he's left out an important consideration: What kind of lifestyle does his client want...