Your current age will typically determine how you approach the planning process, as retirement might be around the corner or it could be decades away.

Most people look forward to the freedom of retirement, but it may seem unsettling at first. If you think about it, you spend many years working hard and saving for the future. When you retire, the future is now!

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.

Registered Retirement Income Funds (RRIFs) can be a great source of retirement income for many Canadians. However, managing them effectively is important to ensure a comfortable retirement. 
We understand that minimizing the tax burden of RRIF withdrawals is essential for many retirees.

Start early to leverage the power of compounding

The sooner you make it a priority to invest for your retirement goals, the better.