Shawn Bell

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An RRSP season tale about what happens when financial advice goes wrong

You've seen it before – most often in comedies. I'm referring to the trope: "the blind leading the blind." You know how it goes: One character desperately needs some advice and asks for the help of another character who is supposedly an expert. As the story unfolds, the person giving the advice is …

RRSP advice for investors young and old

TORONTO — RRSPs play a major role in paving the way to retirement for many Canadians, but strategies for using the long-term savings account will …

MasterCard Canada sets new tone in fee battle

A small-business group has won lower merchant fees for its members from MasterCard Canada, a move that could put more pressure on credit-card firms to reduce their rates and prompt other associations to seek preferential pricing.<p>The Canadian Federation of Independent Business, which represents more …

Five common RRSP mistakes to avoid while saving this year

It's been 60 years since the RRSP was introduced as a retirement savings tool. But that doesn't mean Canadians have learned all the lessons of the past. Here's a look at five common mistakes investors make with their RRSPs:<p><b>Dipping into the funds:</b><p>Carol Bezaire, the vice-president of tax, estate and …

RRSPs or TFSAs? Save or pay down debt? What the #!%*?

Life is about choice, and money decisions, especially for Millennials, can be intimidating and downright confusing. Should you save or tackle your …

RRSPs: proper planning for prosperity in retirement

With RRSP season in full swing, you’re likely being constantly reminded that March 1 is the deadline to contribute to your retirement savings so you …

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Jeff at age 55 wants to become a commercial artist, but it makes more sense for him to hold on at his current job until at least age 60 — ...<p>If your …

What investors need to consider before making RRSP contributions

As we near the deadline of March 1 for making your RRSP contributions, I thought it is an appropriate time to give you a "to do" list of financial and investment planning items to review or consider.<p>1. If you are the typical procrastinator when it comes to making an RRSP contribution, consider …

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Canadians over 40 today will need significant private savings to maintain their standard of living<p>When it comes to benefits received under a …

RRSPs: For gen-Xers and millennials, saving for retirement is a huge challenge

Living paycheque to paycheque, drowning in red ink, struggling to make ends meet: They’re all clichés that fit Stephanie Yan’s finances.<p>The …

Personal Finance

What's inside the retirement portfolios of the pros?

Retirement planning is top of mind for Canadians in the home stretch of this year’s registered retirement savings plan (RRSP) season. To help them plan, we asked three experts to list what they hold in their own portfolios.<p>Like other investors, they have made decisions based on their personal …

Cut tax credits, ease medical expenses, hike RRSP: Just a few suggestions in the ‘shadow budget’

While the speculation around when and what will be contained in Finance Minister Bill Morneau’s second federal budget continues unabated, some …

Plan to use your RRSP for a down payment on a house? Don’t do it.

With sky-high prices in Toronto and Vancouver, saving up to buy a house is already tough enough for many Canadians. But stashing those savings into …

Dad, mom or app – what most influences retirement saving?

Madeleine Clerides credits her father for instilling in her a keen awareness of finances. The 22-year-old Vancouver native admits that she has more to learn about money matters, but, as she embarks on her career, she's determined to be smart about saving and spending.<p>"Now that I'm getting my …

Why maximizing your RRSP contribution simply isn’t enough

Today is the RRSP deadline, so did you max out your contribution room?<p>If so, congratulations, you’re already doing far better than the 40 per cent of …

Caregiver accused of stealing thousands from seniors in credit card fraud

Montreal police have arrested a young woman accused of defrauding two elderly women, and are asking other potential victims to come forward.<p>Krystal …

Three planning tips for your RRSP

As an investment adviser who talks with many different clients every day, I have observed some common themes popping up with more frequency as the March 1 registered retirement savings plan (RRSP) contribution deadline looms. So often, people want to know about best practices, dos-and-don'ts and …