How RRSP meltdown strategies could jeopardize your retirement

Whether you’re a beginning or experienced investor, these weekly updates are designed to give you the specific investment tips and stock market advice you’ll need for 2017 and beyond. Each Investor Toolkit update gives you a fundamental piece of investment advice, and shows you how you can… Read More

Offshore investing risks can easily outweigh the rewards

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

I read your article on TSINetwork.com with interest. I was under the impression that an RRSP must be dismantled when you hit 70 and either you purchase an annuity or you take all your money out and it’s taxed. Are there any better alternatives? I’m 60 now, so I hope I have time enough to plan. Thanks.

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

Approach offshore investing with caution

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