While the amount received from CPP depends on contributions during a career, OAS benefits depend on the number of years lived in Canada after the age of 18.89 What's the Difference in Canada Between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP)? TFSAs ...
Funds are put towards either fixed investments (short-term bonds, GICs and investment savings account) or equity investments (stocks and mutual funds). Interest earned on these investments is not taxed. Through theCanada Education Savings Grant (CESG), the federal government matches annual RESP cont...
In thisarticle, James explained that high-income earners are taxed more while they’re still working, but will be taxed significantly less after retirement. Less taxes means an increase in net income. He also cited other reasons specific to medical professionals. What conservative investment option ...