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You can cancel your registration within 60 days without paying any premiums. After 60 days, you can cancel it any time if you don’t make any claim. But the cancellation will be effective at the end of the calendar year, so you have to pay EI premiums for the entire calendar year.

If you become a non-resident of Canada, or are considered to be a non-resident for income tax purpose, you can keep your tax-free savings account (TFSA) and you will not be taxed in Canada on any earnings in the account or on withdrawals from it.

What is registered retirement savings Plan (RRSP)? Registered Retirement Savings Plan (RRSP) is a special type of accounts holding savings and investments. What are the benefits of RRSP?

Yes, there is an age limit. You can contribute to your registered retirement savings plan (RRSP) until the end of the year in which you turn 71.

You can generally hold similar investments that a registered retirement savings plan (RRSP) can hold in your Tax-free savings account (TFSA). The types of investments permitted include:

This is part four of the example about how to calculate Capital Cost Allowance (CCA).

This is part five of the example about how to calculate Capital Cost Allowance (CCA). Click here for part four.

This is part six of the example about how to calculate Capital Cost Allowance (CCA).

The following is a list of acronyms used related to registered retirement plans:

Travelling expenses include food, beverages and lodging expenses but not motor vehicle expenses.