IPP vs RRSP
Tax Planning

IPP vs RRSP

IPP vs RRSP? What’s the difference? You may have heard people ask this. Below we’re giving you the answer. Individual Pension Plan is a employer sponsored defined benefit pension plan whose goal is to provide […]

Rca pension plan
Tax Planning

Understanding a RCA Pension Plan

A Retirement Compensation Arrangement (RCA) is a pension plan where a custodian holds funds contributed by an employer for the purpose of distributing it to the employee in retirement. A RCA pension plan is often […]

Spousal RRSP Withdrawals
Tax Planning

Splitting Income with a Spousal RRSP

Spousal RRSP allow tax payers to effectively split income and save on tax. This is especially true when there is a large income disparity between spouses. Spousal Registered Retirement Savings Plan are opened in the […]