Canada attracts a significant number of tourists as a popular travel destination; however, facing a medical emergency could lead to a hefty financial burden. Therefore, purchasing emergency medical travel insurance before setting out is essential.

On the path of decision-making, the pursuit of perfection is often a futile race, much like Buridan's donkey struggling with the difficulties of choice. This article will guide you out of the maze of "analysis paralysis," teaching you the art of making quick decisions and how to find and focus on the most important goals, just like Buffett.

Explore the RRSP Lifelong Learning Plan (LLP) – a strategic approach for financing your education or your partner's. Discover annual withdrawal limits, repayment conditions, and ensure informed decisions for long-term financial and educational goals.

Discover effective RRSP withdrawal strategies to minimize taxes. Explore RRIFs, life annuities, Lifelong Learning Plan, and Home Buyers' Plan for tax-free withdrawals. Plan your retirement wisely with expert insights.

In retirement planning, the Spousal Registered Retirement Savings Plan (Spousal RRSP) stands out as a powerful tool, providing an effective avenue for income splitting between spouses. In this article, we will delve into the benefits of the Spousal RRSP and explore strategies for its effective utilization to split income and reduce the overall household tax burden.

Many people told me that RRSP is an excellent plan, and they do want to prepare for retirement early. The only problem is they don't have enough money in the bank account. I have good news for you. You can still contribute to your RRSP through an RRSP loan. It can help you maximize the RRSP contribution.

Balancing risk and return is crucial on the investment journey. Through a deep understanding of qualified assets, advantages and disadvantages of asset classes, we can formulate personalized investment plans more accurately, minimizing risks while seeking higher returns.

Many people ask me how much RRSP they should contribute. In RRSP 102, we discussed how to find out your RRSP's available contribution room. In this article, I will discuss how to determine the optimal contribution amount to get the most from your RRSP.

After you have a basic understanding of an RRSP, we can start preparing to open your first RRSP account. Here are the steps to open an RRSP account. Step 1: Confirm your available contribution room.; Step 2: Contact your financial advisor to choose the right investments; Step 3: Verify the RRSP slip.