We hope you enjoyed the holiday season and ushering in the new year. A new season is upon us, and we are not thinking about winter. We are talking about “RRSP season.”
Occasionally, someone in the financial media questions whether Registered Retirement Savings Plans (RRSPs) are worthwhile—all because of how withdrawals are taxed. In the Winter issue of Well-Advised, we explain why an RRSP usually wins out over a non-registered account when saving for retirement.
While RRSPs get plenty of media attention, this newsletter also looks at a topic that gets very little. This article examines the financial life of single Canadians.
Two articles in the newsletter focus on federal government programs that offer financial help. You’ll find ways to make the most of a First Home Savings Account (FHSA), and you’ll learn about benefits available to Canadians who provide care to a child or adult family member.
Finally, we outline why you should regularly check your bank and credit card transactions.
We hope you and your family enjoy the remaining winter months. Don’t hesitate to contact us whenever we can help you with your wealth management program.