There is no maximum to your RRIF withdrawals in any given year, but you may incur a significant tax hit if the amount is ...

Sandra Abdool, a regional financial planning consultant at RBC, says having money outside of your RRIF can help you avoid making big withdrawals and facing a large tax hit if you suddenly find ...

Rafael is 34 years old and his wife, Lucia, is 35. They came to Canada seven years ago “and have been lucky with employment,” ...

Assume you are 56 and want to retire in 10 years with $550,000. While your savings may align with many others your age — ...

The federal government’s proposed budget has met mixed reactions as some see it as a missed opportunity while others view it ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. At 61, Julia* is happily ...

OTTAWA - Statistics Canada says manufacturing sales rose 3.3 per cent to $72.1 billion in September, its highest level since ...

Financial advisors say year-end is the most popular time for Roth IRA conversions and when investors should consider making exceptions to this standard timing. Poll Deals Another Major Blow to ...

TORONTO - George Weston Ltd. reported a third-quarter profit attributable to shareholders of $477 million in its latest ...

There are several tried and true methods you can use to reduce your taxes. Unfortunately, the more money you make the more tax you pay, thanks to the marginal tax rate system in Canada. Many people ...