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Retirement

Tax Deferral savings plan

RRSP: Tax-Deferred Savings Plan

Your RRSP is a tax-deferred savings plan, you will eventually have to pay the CRA for your deposit, one way or another (yes death & taxes). #RRSP

Cigarette Butt

Going to the Gym to Work on my Retirement

Big Cajun Man emphasizes the importance of considering one’s health parallel to finances while planning for retirement. Regardless of the ease of pension planning for civil servants, if one is unfit or deceased, all the financial preparation is meaningless. He emphasizes regular exercising, in his case going to the gym, to sustain healthy knees and heart in elder years. He also implicitly discourages smoking by correlating it with his father’s immobilized retirement conditions and urges smokers to redirect their smoking expenses towards retirement and start exercising.

Ballet

RRSP to TFSA Grand Jeté

I like to call it a “Grand Jeté”—that elegant leap from an RRSP to a TFSA. It’s not a ballet move in the financial world, but it sure feels like one when executed well. The idea is simple: use your RRSP tax refund as a funding source for your TFSA.

Here’s how it works: You contribute to your RRSP (say $5,000), get a tax refund (maybe around $1,300), and then—gracefully—you “leap” that refund into your TFSA. Assuming you have room in both accounts, it’s a smart way to double down on your savings without stretching your budget.

For me, this is one of the more elegant moves in personal finance. If you’re debt-free and planning for retirement, this strategy lets you leverage the tax-deferral benefits of the RRSP and the tax-free growth of the TFSA—a financial choreography that builds long-term wealth.

Keywords: TFSA, RRSP, tax refund strategy, Canadian personal finance, retirement savings, tax-efficient investing, RRSP to TFSA strategy

Retire at 35

How Do I Retire at 35 ?

Is it possible to retire at 35 ? Yes, but do you really want to retire at 35, or do you just want to do what you want to do at 35 ?

will you ever retire

Dad, will you ever retire?

In this reflective post, I revisit a personal and pressing question: Will you ever retire? While previous generations, like the Baby Boomers, viewed retirement as a given, today’s economic uncertainty challenges that assumption. With questions around CPP, pension stability, personal debt, and market volatility, the author wonders whether retirement will be a reality—or remain a dream. Inspired by discussions in the Canadian personal finance community, the piece underscores the importance of planning for retirement, even if you’re not sure it will happen the way previous generations envisioned it.

Keywords: retirement, CPP, pensions, Baby Boomers, retirement planning, personal finance, financial future, debt and retirement

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