RRSP

Using a Calculator

7 Best RRSP Calculators in Canada

RRSP stands for “registered retirement savings plan.” The Canadian government initiated this investment vehicle in 1957 to protect Canadians’ investments as they retire from their jobs. RRSPs work by deferring taxes on funds contributed. It is an incentive for Canadians to put more money into their retirement fund. RRSPs are known as “tax-deferred” because the …

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Lifetime TFSA Limit in Canada [2022]

Every year the Canada Revenue Agency (CRA) sets the TFSA limit for Canadians. In addition to this, individual contributors can ascertain their TFSA contribution room depending on when they turn 18 years since the contributing scheme.  Since 2009, when the Canadian government introduced the tax-free savings account (TFSA), Canadians have saved and invested their money …

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Laurentian Bank of Canada Review

Laurentian Bank of Canada (Banque Laurentienne du Canada) is unarguably one of Canada’s oldest and most relevant banks. The bank’s consistency in service delivery, operations, accessibility, and ease of usage, ranks it among Canada’s best. Laurentian Bank of Canada (LBC) remains a top-rated domestic-owned financial institution providing Canadians with access to personal and institutional financial …

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What is the Public Service Pension Plan (PSPP)?

With Canada’s aging population, more residents will be looking to retire in the coming years. A government benefit designed to help Canadian retirees is the Public Service Pension Plan (PSPP). The main objective of the Public Service Pension Plan is to supply a retirement income to eligible residents during their lifetime. In addition to retirement …

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