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RRSP Contributions at age 71 (or older!)

RRSP Contributions at age 71 (or older!)

Here’s the scenario: • Andy turned 71 this year and has earned income of $125,000 in the current year; his spouse, Mariam, is 68 and is retired. • Andy will be entitled to $22,500 in RRSP contribution room in 2022. Here’s the problem: • Andy cannot make RRSP...
RRSP or TFSA

RRSP or TFSA

Thoughts on where you should invest this RRSP season  By Scott Boassaly, MBA, President and Principal Advisor at Balance Financial It’s been said that Canada has five seasons: Spring, Summer, Fall, Winter, and, wedged somewhere in between Winter and Spring, RRSP...
ETFs outpace mutual funds for third straight year

ETFs outpace mutual funds for third straight year

The financial industry’s switch from mutual funds to ETFs isn’t coming…it’s already here. ETFs outpace mutual funds for third straight year ETF sales reached a “whopping” $41 billion, National Bank said Covid-19 may have stopped the economy in...