RRSPs are designed to help you save for retirement. According to Canada Revenue Agency rules, you must close your RRSP by the end of the year in which you turn 71, although you can certainly do so earlier if you're ready to begin generating income from those savings.

It’s been well documented that a massive wealth transfer is taking place globally, with an estimated $1 trillion in Canada alone moving to the next generation. If you’re expecting (or recently received) a sizeable inheritance, deciding what to do with it can be overwhelming.

History has shown that investing is a proven way to grow long-term wealth. It also entails some risk because markets don’t move higher in a straight line indefinitely.

To help investors better understand their investing options, investment products are generally grouped by category – often referred to its “asset class”. Assets within the same asset class tend to behave similarly and are subject to similar rules and regulation.

RRSPs, TFSAs and RESPs are all great savings tools to help you plan for the future. We can help you figure out which one is best for you.

Amid headlines about interest rates, inflation, and possible economic recession, there is often discussion about stocks heading into “bear market” territory.