RRSP accounts are straightforward enough, but there may still be a few things about them that will surprise you. Many Canadians already know that a Registered Retirement Savings Plan (RRSP) is a valuable – and versatile – retirement planning tool, but there’s more to these accounts than meets the eye. Here’s what most of us do know: RRSPs are typically used as a long-term savings vehicle. The money we put in grows tax free until we take those...

Selling an expensive house to buy a cheaper condo in the city used to be a no-brainer, but with housing prices soaring in many areas, it’s getting harder to make the math work. For the last 20 years, Mary and Randy Marlo raised their family in a beautiful ranch-style bungalow that was perched on a hill in the East Toronto neighbourhood of West Rouge. In the summer months, they’d spend family time playing in the large backyard or watching...