Is it too late to start investing at 60 in Canada?

No. You can still build savings and reduce risk through diversification. With $500 monthly contributions and a moderate 7% return, you could approach $87,000 in 10 years. Focus on low-cost ETFs, an appropriate stock-bond mix, and a small cash buffer for planned withdrawals.

Are ETFs a good choice for retirees?

Often yes. A broad-market ETF for retirees offers instant diversification, simple rebalancing, and clear costs. Many retirees use one or two ETFs to cover Canadian, U.S., and global exposure, plus bonds for stability. Keep fees low, automate contributions, and review allocation yearly to manage risk.

Should I use a TFSA or RRSP at 60?

If you have TFSA room, it is a strong first choice because growth and withdrawals are tax-free. RRSPs can still help if you are in a high tax bracket now, but they convert to RRIFs by 71. Coordinate contributions and withdrawals with CPP and OAS to limit taxes.

How much should I invest monthly if starting at 60?

Aim for an amount you can automate and keep through market swings. Many start with $500 per month. If cash flow allows, raise it to $600 to $750 to reach goals faster. Match contributions with a conservative or balanced ETF mix and review progress once a year.

Global Market Insights

January 10: More Canadians start investing at 60, ETFs lead the way

ByHuzaifa Zahoor January 11, 2026January 11, 2026

More Canadians start investing at 60 as interest in retirement investing Canada trends higher. A new report shows retirees picking simple, diversified ETFs and focusing on steady, lower-risk growth. With $500 per month and a 7% annual return, a late starter can build about $87,000 in 10 years, which can support part-time work or delayed CPP. We explain why ETFs stand out, the math behind that figure, and clear steps to begin with a plan that fits Canadian rules and benefits.