The smartest way to save for modest-income earners
TFSA vs. RRSP? When you think about saving for retirement, the Registered Retirement Savings Plan (RRSP) is probably what comes to mind. But you may be surprised to learn that the Tax-Free Savings Account (TFSA) is usually a better retirement savings tool for many people. my65+ offers a TFSA and RRSP, allowing you to grow […]
Maximize your government benefits
Timing plays a big role when it comes to getting the most out of your government benefits in retirement. It’s something many people don’t realize when they decide to take their Canada Pension Plan (CPP) and Old Age Security (OAS) benefits as soon as they can, instead of taking them at a later age. The […]
What is a TFSA, RRSP, RRIF?
my65+ is a group retirement plan composed of a group Tax-Free Savings Account (TFSA), a group Registered Retirement Savings Plan (RRSP), and a group Registered Retirement Income Fund (RRIF). TFSA The TFSA was established by the Canadian government in 2009 as a “flexible savings vehicle” for Canadians. When you add funds to a TFSA, you […]