Retirement savings

Canada Pension Plan increases are coming in 2024, meaning higher potential earnings in retirement—but also larger payroll deductions for employees. Here’s what to know.

A Registered Retirement Savings Plan (RRSP) can help you save and prepare for a fruitful, comfortable, and secure retirement. It can also provide some remarkable tax-benefits that can earn you more money over a lifetime of contributions. This article answers many of the questions that usually surround the RRSP savings account.

Tax-Free Savings Accounts (TFSAs) are catching on in Canada, with more than four in 10 Canadian households already contributing to one, according to the latest Census. Unfortunately, some investors are missing out on the full benefits … Read More

When you’re earning interest on your investments, you’re going to have to pay tax on the income if they’re sitting in a non-registered account. But if they’re held in a registered account—such as an RRSP—you can … Read More

In Ratehub.ca’s 2017 Digital Money Trends Report, we analyzed how Canadians are using technology to manage their money. We surveyed more than 1,000 Canadians for this report, and asked questions about people’s views on mortgages, credit … Read More

In 2016, a Statistics Canada study revealed that Canadian women had lower financial literacy scores than men and were less likely to consider themselves “financially knowledgeable” (31% of women versus 43% of men). Needless to say, our … Read More