If a Canadian resident has an existing TFSA and then becomes a non-resident, the funds can remain in the TFSA; however the client cannot make contributions to the TFSA while a non-resident. If a non-resident does make a contribution, the Canada Revenue Agency (CRA) will impose a special...
MyRetirement Income is a bit different in that it is aimed at folks who have defined contribution pension plans. For a quick primer check out Kyle’s article onpensions in Canada. Defined contribution (DC) plans are used by many private employers (as opposed to the government – which uses ...