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Saving RRSP room?

Saving RRSP (Registered Retirement Savings Plan) room is a great strategy if you are expecting a large tax year in your future. For example if you make $70,000 [..]

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Using the RRSP “Gross up” Strategy

This is a simple strategy to increase the size of your RRSP (Registered Retirement Savings Plan) without losing more of your income to savings.  The best way to [..]

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RRSP’s and Education (LLP)

  The LLP (Life Long Learning Plan) can be a great option, although I rarely see a fit for it.  The Life Long Learning Plan allows you to [..]

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RRSPs and Buying a Home (HBPP)

  Using your RRSP’s for a down payment on your first home is common, and with the HBP (Home Buyers Plan) you can borrow money from your RRSP [..]

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Do RRSP Loans make sense?

Every year RRSP loans are a popular option when investing in a RRSP (Registered Retirement Savings Plan), but do they make sense?  Like most financial tools they need to [..]

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RRSP or Spousal RRSP?

One option that RRSP’s (Registered Retirement Savings Account) offer that is underutilized is the Spousal RRSP.  With this you can contribute to the RRSP and get the full tax deduction; [..]

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My RRSP or My Spouses?

When making an RRSP (Registered Retirement Savings Plan) by default in our name, however if you are married or common-law, it might make more sense to contribute in your spouse’s [..]

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RRSP’s while I still have debt?

Saving versus debt is a common question.  If you owe on credit cards or other high interest debt then paying down your debt is usually the best option. [..]

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Holding my mortgage in my RRSP

You are allowed to hold your mortgage in your RRSP (Registered Retirement Savings Plan), although it is getting tougher to find a firm that will support the requirements [..]

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RRSP versus Paying down your Mortgage?

Debt versus RRSP’s (Registered Retirement Savings account) is a common question, and even more so is the RRSP versus paying down the mortgage. A few considerations are; Tax [..]

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