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NEWS

RRSP Contributions at age 71 (or older!)

Here’s the scenario: • Andy turned 71 this year and has earned income of $125,000 in the current year; his spouse, Mariam, is 68 and is retired. • Andy will be entitled to $22,500 in RRSP contribution room in 2022. Here’s the problem: • Andy cannot make RRSP...

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March Financial Spring Cleaning

7 quick actions you can take this month to improve your financial health in 2021.  By Scott Boassaly, MBA, President and Principal Advisor at Balance Financial In January, our focus was on starting the year off right following the craziness of 2020. As life starts to...

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RRSP or TFSA

Thoughts on where you should invest this RRSP season  By Scott Boassaly, MBA, President and Principal Advisor at Balance Financial It’s been said that Canada has five seasons: Spring, Summer, Fall, Winter, and, wedged somewhere in between Winter and Spring, RRSP...

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