Ms. Loonie Journey, Author at Loonie Journey

February 5, 2022 RRSP

RRSP 101: maximize tax deferral benefits to save you money

The main benefit of the RRSP is that any contributions can be deducted to reduce your taxable income in a given year. This means that you won’t get taxed on the deduction amount and will likely receive a tax refund. If you reinvest the refund amount, you can use your refund to further grow your investment balance.

February 3, 2022 RRSP

RRSP 101: understanding the basics

With RRSP season in full swing this month, it’s important to understand this popular retirement account. In the first of a series of posts, we will cover the basics of the RRSP.

2022 Goals: Focus on savings, ignore the noise

Many are expecting lower stock market returns in 2022. How should one reposition their portfolios? If you’re in it for the long haul, focus on what you can control and ignore the noise.