The Optimal RRSP/TFSA Contribution

Now that we are in RRSP season, you may be wondering “How much should I contribute to my RRSP?” The proper way to figure this out is to identify your “optimal RRSP/TFSA contribution”. This is a key factor in every retirement plan. Most Canadians decide how much to contribute based on the extra cash they…

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How to Calculate Annual Investment Returns Using XIRR

After my 2012 year end net worth update, there was some chatter about how to properly calculate annual investment returns.  The fact is that there are a number of ways to calculate annual investment returns, some easier than others. For example, if you have a starting portfolio value and an ending portfolio value for a…

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