Note that opening a spousal RRSP does not give you additional contribution room. If you add funds to a spousal RRSP in your partner’s name, those contributions count toward the contributor’s overall limit — not the spouse’s limit. How to calculate the RRSP contribution limit You can find...
Since your credit score can significantly limit — or enhance— your financial prospects, it’s worth making it as strong as possible. Here’s how to do it. Understanding your credit score Your credit score is a number between 300 and 900. Your credit score reflects how you’ve used credit...
How much can I save with a TFSA? A TFSA means you won't be taxed on any of the growth or income earned within the account. Which means your savings can grow even more. Want to know by how much? Use our TFSA Calculator tocalculate now. ...
You can calculate how your savings could grow with regular contributions or how much you need to save to reach your goal. For example, imagine you’re hoping to buy your first home in the not-too-distant future. In the calculator, input some quick info, such as where you live and your...
Have you ever hit the MTV when transferring your commuted value? Do you know if your employer allows you to transfer the excess to your RRSP? About the Author:Sean Cooperis a single, 20-something year old, first time home buyer located in Toronto. He has experience in the financial secto...
” A financial planner is like a GPS, she explains: “They help you calculate the best route to where you want to go or help you recalculate if you’ve taken a wrong turn.” They can often do things like find free money for you, such as tax credits or government grants that you ...
As of 2025, the TFSA total contribution limit is $102,000. However, if you’ve deposited money in previous years or made withdrawals, you’ll need to factor in those amounts to calculate how much you can deposit into a TFSA. You can check your CRA My Account for your TFSA room. ...