Can an RRSP only be used for retirement? The markets are so volatile, is it worth it to open an RRSP? Having an RRSP is pointless if I have to pay tax on it once I’m retired?
Let’s set the record straight and correct any misconceptions that might be stopping you from making the most of this saving vehicle.
An RRSP is an excellent retirement savings tool. Still, you should be aware of the rules and other good practices that come with it.
Here are 4 pitfalls to avoid if you want to get the most from your plan and achieve what’s most important to you.
Good news! You don’t have to choose between the home buyers’ plan (HBP) and the tax-free first home savings account (FHSA). You can use both when buying your first eligible property.
November is Financial Literacy Month and at Bâtirente we take to heart our mission to support you in all your projects. Regardless of your age, it’s never too early or too late to start saving and planning for your projects or your retirement! Our article presents 5 tips to reach your goals.
An RRSP is a tax-deferral tool that helps you save for retirement. A TFSA is a savings tool that you can also use for retirement, as well as the other projects you have going on. An FHSA is a tax saving tool that helps you save towards the purchase of your first home. In other words, we have three plans with three different sets of goals.
What are the FHSA eligibility requirements? What is the FHSA contribution limit? Can I use both the FHSA and the HBP to buy a first home?
Here are answers to some of the most frequent questions about the FHSA.