Rrsp Discussions, Offers & Promotions

Get deal alerts for "Rrsp"

Search found 825 matches. Go to advanced search

  • Posts
  • Forum
  • Post By

  • CRA - Deduction Limit + Unused Contributions = Total RRSP Contribution Room?

    Apologies if this has been answered elsewhere... When I log into my CRA account, I see: Deduction limit 2023 RRSP deduction limit: $X Unused contributions Unused RRSP contributions available to deduct for 2023: $Y Is it safe to say my total contribution room for 2023 is X+Y = ...

    • ouaouaron
    • Nov 23rd, 2023 9:15 am
    • Forum: Personal Finance

  • RRSP deduction limit?

    I have total unused RRSP dedution limit of $186k. my income for this year will be upwards of 100k however next 3 years my imcome will be around 15k annually only. 1) Am i allowed to dump $100k into RRSP for 2023 or maximum contribution ...

    • hammadarif
    • Nov 18th, 2023 6:49 pm
    • Forum: Personal Finance

  • LRSP/LIRA are handled similar to RRSP in terms of USD dividend withholding tax?

    ... my question is, will LRSP/LIRA accounts be subject to USD dividends withholding tax similar to TFSA's or will they be exempt and is similar to RRSP? I'd like to know if I should concentrate on USD dividend paying stocks in an LRSP/LIRA or if I should keep that only in my RRSP and deal with ...

    • MrBungal
    • Nov 13th, 2023 6:14 am
    • Forum: Investing

  • A question about RRSP

    ... to withdraw his assets here My question is other things seem easy, just withdraw his savings and wire to China and close account But how about RRSP? Should he withdraw and close account as well? Will this create more tax complications in the future? Or it’s better keep RRSP here and withdraw ...

    • smartie
    • Oct 30th, 2023 12:43 pm
    • Forum: Personal Finance

  • Work matching rrsp plan, what to choose

    Hello all, i got a new job and they are offering 5% match for investment, i have the following choices but have no idea on what to pick. Looking for some advice. I am 49 hoping to retire 65. Thanks!

    • 83trekker
    • Oct 22nd, 2023 4:31 pm
    • Forum: Investing

  • Buying First Home: How can I plan RRSP and FHSA?

    ... and will appreciate your inputs. P1: chequing: $16K savings: $12K TFSA (as cash): $12K P2: chequing: $21K savings: $20K TFSA(as cash): $18K No RRSP investment, but room is as follows: P1: $18K P2: $16K What should my best strategy be? (1) Should I withdraw TFSA and reinvest in RRSP or simply ...

  • What to do with a Non-locked RRSP

    My sister is in the 40's and has a RRSP in Manulife from a past job. It's a small amount $3,000. The money is in a Retirement Fund with a monthly charge of $15 so the money is always less and less. If she transfer out the funds as we know ...

    • iamthebest
    • Oct 3rd, 2023 1:02 am
    • Forum: Investing

  • Recurring 3rd party RRSP contributions

    A small business provides RRSP matching as an employee benefit but does not operate a group RRSP - they just send cheques to the employee's financial institution/financial advisor each month to be deposited. This business wants to move ...

    • MoB654
    • Aug 23rd, 2023 8:35 pm
    • Forum: Personal Finance

  • RRSP $2000 excess limit

    If you've maxed out your TFSA, have no other debts, does it make sense to over contribute the $2000 in RRSP that we're allowed to? How would it work for taxes when withdrawing later? Or would it be better to just deposit it in a non-registered account?

    • cessnabmw
    • Aug 23rd, 2023 8:19 am
    • Forum: Personal Finance

  • Question regarding employer matched RRSP contributions

    I'm curious to know what would generally be the better decision. Let's say that I will be putting $5000 into my RRSP in a calendar year and my employer will be matching 5% of my earnings. 1. Contribute $5000 to RRSP over the calendar year from each pay cheque and receive 5% matched ...

    • SizzleChest
    • Jul 28th, 2023 6:18 pm
    • Forum: Personal Finance

  • Early RRSP to RRIF transfer to avoid penalties

    Hello, Young engineer with a healthy income and no dept. Was never a fan of RRSPs due to having a separate pension fund from work and choosing not to play RE games. Recently found out that RRIFs can be used to withdraw from RRSPs without having the early withdrawal ...

    • Pfeldman
    • Jul 20th, 2023 7:57 pm
    • Forum: Personal Finance

  • RRSP under HBP - Withdraw or not?

    Hello friendly people! I am closing on a house soon and wanted to understand better the pros and cons of withdrawing from the RRSP under HBP for my particular case. Any inputs you can provide would be greatly appreciated! Case- 1. I have 35K in my RRSP account and 35k in a Spousal RRSP ...

    • canadeel
    • Jul 19th, 2023 9:26 am
    • Forum: Personal Finance

  • DB Pension, Enhanced CPP, and RRSP Contributions

    Greetings all. I’m looking for opinions on whether starting to catch up on RRSP contribution room makes sense in my case. Retirement is about 25 years away. I’m fortunate to be in a DB pension (backed by province), where I’d expect ~$70k/y in 2023$ in retirement. ...

    • Rockapotimus
    • Jul 19th, 2023 12:57 am
    • Forum: Personal Finance

  • RRSP Withdraw

    Looking for guidance for a friend whom is on a retired pension now, she has 60,000 in RRSP's and is looking to withdraw the money, she asked today for 20,000 withdraw and the financial advisor told her they take 20% just for the withdraw, that is even before the tax ...

    • tdaniels
    • Jul 10th, 2023 4:52 pm
    • Forum: Personal Finance

  • Basic RRSP question

    I think I know the answer but wanna check. If you repay an RRSP after first time home buyers, for example 25K, Can the money be paid back to any account? For example I want to open an rrsp account on an online trading platform that is different from the bank I originally withdrew from.

  • Mortgage VS RRSP VS etc... 3 Kids

    ... If my wife could secure a full time position we'd be in good shape, maybe next year... I then thought maybe I should put that $30,000 in RRSP's so we would increase our CCB for a year. Then put the tax return back towards our mortgage. I feel fortunate to have options but can't decide ...

    • SoLost
    • Jun 28th, 2023 11:34 pm
    • Forum: Personal Finance

  • forgot to declare rrsp contribution for last 12 years

    So turns out ive been part of an rrsp plan through work for past 12 years but i never declared these contributions on my taxes for the last 12 years. Anyone know if I can withdraw that RRSP balance now without paying taxes on it? If not any ...

    • fishyguy19
    • Jun 19th, 2023 10:16 pm
    • Forum: Personal Finance

  • Should I contribute to an RRSP while on disability?

    ... contributions towards my retirement fund, and I am now in my late thirties. I'm not part of a pension plan, all my retirement savings are in rrsp/tfsa/non-reg accounts index ETFs, almost 100% stocks. My doctors say there is a strong possibility I could return to work within a year. Should ...

  • Worth keeping TD E-Series RRSP if already have RRSP/DC Plan through work?

    Hello all, I'm looking to pick other's people take on this in order to see if it's worth me keeping a separate RRSP since I already have one set up through work. The work one is a good plan from what I gather. Since I started my investing later in my early 30's instead of earlier ...

  • RRSP Contribution Room and how Group Pension Plan impacts it

    Hi everyone, I understands that group pension plans, including DB plan which is what I have, lowers the RRSP contribution room for next year (via box 52 on the T4). I would like to contribute more towards my individual RRSP this year, but I am not sure to understand how the ...

    • mattnew
    • May 29th, 2023 4:23 pm
    • Forum: Personal Finance

Trending Hot Deals