Severance packages are unfortunately becoming more and more common in today’s business world and for someone who has just lost their job; it can be very overwhelming and difficult to determine what to do with your severance pay.

All investors realize the value of the Registered Retirement Savings Plan (RRSP). Since 1957, this has been a powerful vehicle for Canadians to save for retirement. Benefits enjoyed by RRSP contributors include tax deductions, tax-deferred investment growth and tax deferral. However, many investors are caught unaware of their alternatives when their RRSP expires soon after retirement - when an investor turns 71 the RRSP must be closed.

Below are three of the major alternatives investors have when it comes to transferring their RRSP funds after the age of 71.

When a marriage or common law relationship breaks down, there are several issues to be considered in the process, some of which include financial and tax issues. The following article will examine some key Canadian tax rules that couples should take into consideration during a divorce or separation.

All investors realize the value of the Registered Retirement Savings Plan (RRSP). Since 1957, this has been a powerful vehicle for Canadians to save for retirement.