Understanding Registered Retirement Income Fund Basics

Most Canadians are counting on CPP to fund their retirement… But here’s the problem 👇 The average new CPP payment in 2025 is under $850/month. Even the maximum payout is only about $1,400/month — and almost no one qualifies. That’s not a retirement plan. That’s a supplement. CPP was designed to replace about 25–33% of your working income — not your entire paycheck. That means even if you’ve contributed your whole career, you’ll likely still receive less than $20,000 a year. If you want true fin

How US Expats Report Canadian Income On A US Tax Return

Thinking about moving your RRSP? Here's what you need to know! You can transfer your RRSP, but only to another registered account. For example: • RRSP to RRSP • RRSP to RPP (Registered Pension Plan) • RRSP to RRIF (Registered Retirement Income Fund) • RRSP to FHSA (First Home Savings Account) Remember: If you withdraw money from your RRSP, you’ll pay tax. Keep your retirement savings growing tax-deferred by transferring, not withdrawing. Reach out to find ways to optimize your RRSP strategy. #RR