Making Sense of the Markets this week: June 26
Who killed bitcoin? Will we have a recession, stagflation or a soft landing? Energy continues to soar and more.
RRSPs
Can I withdraw from RRSPs to pay bills?
Taking money from your RRSPs early to pay for debt has implications, including taxes, the loss of growth in...
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...
The process of unlocking a LIRA account in Canada
What can you do? What can’t you do? Let’s clarify some conflicting online information about locked-in retirement accounts.
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CPP vs RRSP: Can you transfer your CPP to an RRSP?
Is it possible to transfer CPP to an RRSP? The answer is a quick one, but there’s more to...
What’s involved with an owner withdrawal of cash from a corporation
Linda is approaching retirement with cash in her corporation. She wonders how to withdraw it before or after retirement.
Do RRIF beneficiaries pay tax?
Is it possible to avoid tax as a RRIF beneficiary? Find out if timing could be an issue, as...
Should you take RRSP withdrawals to pay down debt?
With a partner out of work, this reader is considering a RRSP withdrawal to try to reduce her mortgage...
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Reasons to consider early RRSP and RRIF withdrawals
I get a lot of reader-submitted questions about early RRSP and RRIF withdrawals and how much to take out....