RRSP meltdown strategies promise to ease your tax burden on withdrawals, but these complicated manoeuvres are usually more lucrative for brokers than for investors
Investors sometimes ask us what we think of the so-called RRSP meltdown. This strategy, a favourite of some wealth advisors, would let… Read More
The idea of withdrawing funds from an RRSP tax free has appeal, but RRSP meltdown strategies can serve the interests of the brokerage industry more than those of investors
A loss in your RRSP deprives you of the opportunity for tax-free compounding that the money would… Read More
A: There are times when you may want to withdraw money from an RRSP. This has spawned one strategy, the RRSP meltdown, that can bring you more risk than reward.
Here’s how the RRSP meltdown works:
When you take money out of your RRSP, you have to… Read More
There are only a few approaches to making an RRSP withdrawal that make sense, and a “meltdown strategy” is not one of them
Registered retirement savings plans, or RRSPs, are a form of tax-deferred savings plan designed to help investors save for retirement. RRSP contributions are… Read More
Discover the ins and outs of registered retirement savings plans
Registered Retirement Savings Plans, or RRSPs, are a little like other investment accounts, except for their tax treatment. You only pay taxes on your RRSP investment, and the investment income it earns, when you make withdrawals… Read More
Offshore investing may seem like an attractive option to lower your taxes, but you need to be aware of the risks.
There are various ways of structuring your business affairs using offshore investing companies or trusts that can cut or defer your taxes. You… Read More
An RRSP meltdown strategy sounds like a great way to collapse an RRSP without paying taxes—but in reality it’s a lot riskier than it sounds.
A RRSP meltdown is a strategy some financial advisors suggest as a way to withdraw money from an RRSP while paying… Read More
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a beginning or experienced investor, these weekly updates are designed to give you specific investment tips and stock market advice. Each Investor Toolkit update gives you a fundamental piece of investment advice,… Read More
When you turn 71, you have to roll over your RRSP into a RRIF. However, you don’t have to sell any of your securities at that point. Your RRSP is simply redesignated as a RRIF (you do need to fill out some paperwork to open… Read More
There are, in some cases, ways of structuring your business affairs using offshore investing companies or trusts that can cut or defer your taxes. You may also be able to protect your assets from legal judgments rendered in Canada if you move them to accounts… Read More
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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