As you approach retirement age, your focus on savings naturally begins to change. You stop viewing that nest egg as a place to store money, and start seeing it as a place to pull money from. For those heavily invested in RRSPs, RRIFs are one of the most popular vehicles to make that transition because it's nearly seamless and the RRIF is a very flexible tool used to optimize your savings and help to manage your spending.

With increasing life expectancy and rapid inflation, Canadians are working longer than before, leaving many near-retirees wondering when they should start taking their Canadian Pension Plan (CPP) and how that will affect their Post Retirement Benefit (PRB). Read on to better understand how the PRB will affect your retirement planning.

When and how to retire is a major decision. The good news is, as you move away from the workforce, new opportunities for decreasing your tax burden open up, including the Pension Income Tax Credit. To help you make the most of it, we’re covering the ins and outs of what it is and how you can access it to lower your taxes.

Spousal RRSPs are a great savings tool that allows couples to even out their retirement savings and save tax dollars when they need it most – in retirement.

While admirable, pausing a career to raise a child comes with cascading effects, some of which can last throughout your lifetime. The Child Rearing Provision helps you avoid consequences to your CPP payout.

For high income earners, RRSPs can feel a bit like, well, squeezing into your favourite jeans from twenty years ago. They may still fit, but they’re definitely not comfortable anymore. The good news is there's a more comfortable way.