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RRSP

Save Money, Piggy bank

RRSP Bingo

When you talk to an investment person, do you feel like you are at an RRSP Bingo game? I have a card to help you out at these meetings.

Ballet

RRSP to TFSA Grand Jeté

I like to call it a “Grand Jeté”—that elegant leap from an RRSP to a TFSA. It’s not a ballet move in the financial world, but it sure feels like one when executed well. The idea is simple: use your RRSP tax refund as a funding source for your TFSA.

Here’s how it works: You contribute to your RRSP (say $5,000), get a tax refund (maybe around $1,300), and then—gracefully—you “leap” that refund into your TFSA. Assuming you have room in both accounts, it’s a smart way to double down on your savings without stretching your budget.

For me, this is one of the more elegant moves in personal finance. If you’re debt-free and planning for retirement, this strategy lets you leverage the tax-deferral benefits of the RRSP and the tax-free growth of the TFSA—a financial choreography that builds long-term wealth.

Keywords: TFSA, RRSP, tax refund strategy, Canadian personal finance, retirement savings, tax-efficient investing, RRSP to TFSA strategy

Retirement

Pensions and Spousal RRSPs

Are pensions and spousal RRSPs natural financial enemies of each other, or do they compliment your retirement plan perfectly ?

RRSP Deadline Tax Tips rendered by ChatGPT

RRSP Deadline & Canadian Tax Tips: What to Do After You Contribute

The RRSP deadline marks the official start of tax season in Canada. In this article, we look back at how to prepare for filing your taxes after making last-minute RRSP contributions. From collecting tuition and medical receipts to avoiding non-deductible claims, the article offers practical tips for maximizing your return. Common oversights like forgotten benefits, bus pass deductions, or school-related fees are highlighted. Whether using UFile, QuickTax, or another online platform, this RRSP deadline tax checklist remains a helpful reminder for Canadian filers — year after year.

Volemort TFSA

I did my RRSP and TFSA Now What?

After contributing to my RRSP and TFSA, I often hear people ask, “Now what?” It’s a fair question—but the real question should be: What did you invest in once the money landed?

Far too many people drop funds into a TFSA “savings” account earning 1.2%, or worse, let their advisor push them into mutual funds with high MERs (Management Expense Ratios)—sometimes as high as 3.2%! That’s not wealth-building. That’s giving your money away in fees.

The TFSA is a powerful tool, but only if used properly. It’s not just a tax-sheltered savings account—it can (and should) be a vehicle for investing in low-fee, long-term growth assets. The same goes for your RRSP.

Bottom line? If you’re handing over $2,000 to a stranger at a bank and saying, “Do something with it,” you need to spend more time learning about your money than shopping for your next TV. Otherwise, the real cost isn’t the MER—it’s missed opportunity.

Keywords: TFSA, MER, RRSP, personal finance, Canadian investing, mutual fund fees, financial literacy, low-fee investing

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