Pros And Cons Of Holding Your Mortgage In Your RRSP

One investment that is eligible to be held in your RRSP is your mortgage.  You need to have enough cash, or assets that can be converted to cash, and hold your mortgage in a self-directed RRSP.  You then make your mortgage payments to the RRSP instead of a financial...

RESP Account: Getting Started

We set up an RESP for our daughter just a few weeks after she was born.  Being new parents with little free time, we just opened the most straightforward RESP account that was available – an RESP GIC Account under a family plan. This account was easy to open and...

The Best Time To Start Saving Is Now

Natalie and Jessica want to save for their retirement.  Natalie began setting aside $100 a month when she was 23.  She continued doing so until she turned 31 and then stopped.  In nine years she invested $10,800. Jessica didn’t start saving until she turned 31.  That...

Online Fraud Campaign Helps Protect Investors

We strive to provide you with useful information on how to be a savvy investor.  When it comes to investment fraud, the more you know about what to look for and be wary of, the better prepared you will be if you get approached with an investment opportunity....

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