Personal Finance - The Globe and Mail

How should Faye, 68, and Ava, 60, draw down their RRSPs given their $108,000 spending target?

The couple is looking for advice on how to turn their savings into sustainable, tax-efficient retirement income

Financial facelift. Sammy Kogan/The Globe and Mail

Financial facelift. Sammy Kogan/The Globe and Mail

6 min read

Beware the pitfalls of not tracking employment tax deductions
Tim Cestnick
4 min read
Amex partners with hotel loyalty program ALL Accor, giving consumers more choices
Barry Choi
3 min read
Workplace pension plans have failed most Canadians
3 min read
Who are Canada’s big city leavers? Mainly 25 to 44-year-olds, with young children
Mike Moffatt
4 min read

financial facelift
How should Faye, 68, and Ava, 60, draw down their RRSPs given their $108,000 spending target?
6 min read
This investor built a $875,000 TFSA using some unique portfolio manoeuvres few have ever thought of
5 min read
Calgary home owner, 28, says making a vision board allowed her to engineer her reality
3 min read
financial facelift
Have Giovanni, 41, and Tiyana, 37, underestimated spending and jeopardized their retirement plan?
6 min read

Plan your trip-of-a-lifetime with our handy bucket-list travel guide
2 min read
The Globe’s 20 best dividend-paying stocks of the year
9 min read
Canada’s 100 Most Livable Cities
3 min read
The Globe’s Big Guide to Credit Cards: Super users’ secrets for maximum rewards, cash back and more
9 min read

Consumer affairs

Coinbase Canada seeks to build ‘everything exchange’ as new CEO plans first crypto futures offering

CEO Eric Richmond says the company’s goal is to offer Canadians a single platform to manage financial assets, not just crypto

Coinbase CEO Eric Richmond poses for a portrait at a WeWork space in Toronto, on Monday, July 20, 2026. Keito Newman/Keito Newman Photography

Coinbase CEO Eric Richmond poses for a portrait at a WeWork space in Toronto, on Monday, July 20, 2026. Keito Newman/Keito Newman Photography

4 min read

More articles

Yesterday

Financial facelift. Sammy Kogan/The Globe and Mail

Financial facelift. Sammy Kogan/The Globe and Mail

financial facelift

How should Faye, 68, and Ava, 60, draw down their RRSPs given their $108,000 spending target?

6 min read

Yesterday

The home of the week combines, light, art and landscape in Forest Hill.

The home of the week combines, light, art and landscape in Forest Hill.

Tariffs dampen CMHC forecast, Toronto’s population shrinks, the Home of the Week and more top real estate stories

5 min read

Yesterday

Jenny Bird for summer jobs column

Jenny Bird for summer jobs column

The small-town summer job that made designer Jenny Bird take the plunge

3 min read

Yesterday

Stainless steel coils wait to be pressed into sheets in Montreal on Thursday, Sept. 18, 2025. THE CANADIAN PRESS/Christopher Katsarov

Stainless steel coils wait to be pressed into sheets in Montreal on Thursday, Sept. 18, 2025. THE CANADIAN PRESS/Christopher Katsarov

When was the U.S.’s Depression-era Tariff Act last used? Take our business and investing news quiz

1 min read

Yesterday

retire rich

Is Reddit a good place to get money advice?

4 min read

Yesterday

The Reddit forum where Canadians anonymously spill their biggest money woes – and brags

July 23, 2026

Having a community to lean on for support is important for patients and caregivers alike, according to the Leukemia & Lymphoma Society of Canada.

Having a community to lean on for support is important for patients and caregivers alike, according to the Leukemia & Lymphoma Society of Canada.

opinion

Canada’s pension system treats caregiving as a gap rather than a contribution, leaving women behind

Janine Rogan

4 min read

July 23, 2026

A for sale sign is shown in front of west-end Toronto homes Sunday, April 9, 2017. THE CANADIAN PRESS/Graeme Roy

A for sale sign is shown in front of west-end Toronto homes Sunday, April 9, 2017. THE CANADIAN PRESS/Graeme Roy

The week’s best fixed and variable mortgage rates for July 23

2 min read

July 23, 2026

Olivia Gerelus goes for a sunset paddle in Algonquin Park Friday June 11, 2021. With provincial re-opening people from across Ontario flocked to Ontario's marquee provincial park. THE CANADIAN PRESS/Fred Thornhill

Olivia Gerelus goes for a sunset paddle in Algonquin Park Friday June 11, 2021. With provincial re-opening people from across Ontario flocked to Ontario's marquee provincial park. THE CANADIAN PRESS/Fred Thornhill

on money

Gaming the Hunger Games of campgrounds: 5 tips for booking coveted summer sites

3 min read

July 23, 2026

Hikers tents are seen at a campsite near the summit of Golden Ears mountain outside of Maple Ridge, B.C. Jesse Winter/ The Globe and Mail

Hikers tents are seen at a campsite near the summit of Golden Ears mountain outside of Maple Ridge, B.C. Jesse Winter/ The Globe and Mail

We snagged a campsite with an AI bot. Here’s what it means for impossible campground bookings

7 min read

July 23, 2026

lifestyle

lifestyle

opinion

Beware the pitfalls of not tracking employment tax deductions

Tim Cestnick

4 min read

July 23, 2026

I want to move back and retire in my home country. What do I need to consider financially?

3 min read

July 23, 2026

A stretch of the 401 highway in Whitby, Ontario is seen on Tuesday April 30, 2024. THE CANADIAN PRESS/Chris Young

A stretch of the 401 highway in Whitby, Ontario is seen on Tuesday April 30, 2024. THE CANADIAN PRESS/Chris Young

End of carbon tax rebates a financial hit for Canada’s poorest, research shows

3 min read

July 22, 2026

A magnifying glass enlarges the holographic image of Parliament Hill's Peace Tower on a 20 dollar bill issued by the Bank of Canada, shown in a display case at the Bank of Canada Museum in Ottawa, on Wednesday, Sept. 4, 2024. The Bank of Canada says Canadians were keeping more cash on hand in 2024. THE CANADIAN PRESS/Justin Tang

A magnifying glass enlarges the holographic image of Parliament Hill's Peace Tower on a 20 dollar bill issued by the Bank of Canada, shown in a display case at the Bank of Canada Museum in Ottawa, on Wednesday, Sept. 4, 2024. The Bank of Canada says Canadians were keeping more cash on hand in 2024. THE CANADIAN PRESS/Justin Tang

The best savings rates out there may not be the highest ones

3 min read

July 22, 2026

An American Express credit card mockup is seen in this illustration taken July 17, 2026. REUTERS/Dado Ruvic/Illustration

An American Express credit card mockup is seen in this illustration taken July 17, 2026. REUTERS/Dado Ruvic/Illustration

opinion

Amex partners with hotel loyalty program ALL Accor, giving consumers more choices

Barry Choi

3 min read

July 21, 2026

Coinbase CEO Eric Richmond poses for a portrait at a WeWork space in Toronto, on Monday, July 20, 2026. Keito Newman/Keito Newman Photography

Coinbase CEO Eric Richmond poses for a portrait at a WeWork space in Toronto, on Monday, July 20, 2026. Keito Newman/Keito Newman Photography

Coinbase Canada seeks to build ‘everything exchange’ as new CEO plans first crypto futures offering

4 min read

July 21, 2026

A National Bank sign is seen on May 30, 2016 in Montreal. THE CANADIAN PRESS/Paul Chiasson

A National Bank sign is seen on May 30, 2016 in Montreal. THE CANADIAN PRESS/Paul Chiasson

on money

Globe readers are more likely to ditch their telecom than bank when service is bad

3 min read

July 21, 2026

1470080280

1470080280

opinion

Workplace pension plans have failed most Canadians

Frederick Vettese

3 min read

July 20, 2026

Statistics Canada estimates the population grew by 176,699 people between July 1 and Oct. 1, marking the slowest pace of growth since the first quarter of 2022.
People walk along the boardwalk in Toronto's east end on Sunday, April 4 2021. THE CANADIAN PRESS/Chris Young

Statistics Canada estimates the population grew by 176,699 people between July 1 and Oct. 1, marking the slowest pace of growth since the first quarter of 2022.
People walk along the boardwalk in Toronto's east end on Sunday, April 4 2021. THE CANADIAN PRESS/Chris Young

opinion

Who are Canada’s big city leavers? Mainly 25 to 44-year-olds, with young children

Mike Moffatt

4 min read

July 19, 2026

Calgary home owner, 28, says making a vision board allowed her to engineer her reality

3 min read

Build your knowledge

The deadline to file taxes is a month away. Here’s what you need to know as you prepare your tax return

How to buy gold in Canada

Tying everything together with a will and insurance

Which parts of your retirement are you already paying for?

Tools & calculators

TFSA Limit

Calculate how much you can contribute to your TSFA.

CPP Benefits at 60 vs 65

Compare the value of Canada Pension Plan (CPP) benefits if you take them earlier or later.

Loan calculator

Find out your loan total or payment and see how extra payments reduce interest and time to pay off.

RRSP Tax Refund

Estimate the tax savings on your Registered Retirement Savings Plan (RRSP) contribution.

Interact with The Globe