Between Registered Retirement Savings Plans (RRSPs), Tax-Free Savings Accounts (TFSAs), and First Home Savings Accounts (FHSAs), Canadians have plenty of tax-sheltered room to work with. But even the most diligent savers will take time to max out those accounts. If you’ve already filled them, the next step is usually a non-registered account. These are far…
When the market gets choppy, it’s easy to feel uncertain about where to invest. But for Canadian investors who want stability and income, high-yield dividend exchange-traded funds (ETFs) can be a calm port in the storm. These investments don’t just offer long-term growth, but also pay you to stay invested. So let’s look at three…
The Canada Pension Plan (CPP) is a vital part of many Canadians’ retirement income. For 2024, the maximum monthly benefit is $1,937.73. Yet it’s not likely most Canadians will ever see that amount of cash. Still, if you’re aiming to maximize your CPP payouts, understanding how the system works and employing specific strategies throughout your…