Genymoney.ca: Make the Most of your Money
A section for everything related to the Canadian investing vehicle and tax shelter, the RRSP (or registered retirement savings plan).
What is a LIRA? Well, a Lira is a Turkish coin and also an Italian predecessor to the violin. However, in the Canadian context, LIRA stands for Locked-In Retirement Account. This post will go over the question ‘what is a LIRA’ and what the difference …
This would not be a Canadian personal finance blog without the analysis of which one is better to invest in first, the TFSA vs RRSP. RRSP vs TFSA In this post, I will define the RRSP and the TFSA and talk about which one …
I have a personal finance blogger confession. I don’t really care about the RRSP contribution deadline. I know it is in March…I know that the banks are usually insanely busy at this time of year because they are usually receiving money from their customers for …
Read moreRRSP Contribution Deadline: Why I Only Care About the RRSP Contribution Limit
Investing in an RRSP. I must admit that when my girlfriends tell me they “invest in an RRSP” it drives me up the wall. I think because they don’t realize that an RRSP is just a holding vault for the investments inside the RRSP but …
Read moreInvesting in an RRSP: Contribution Room and How to Use the RRSP