Posts tagged as:

RRSP

Calculate the tax before withdrawing money from your RRSP

by Moneyproblems TipsFri Nov 04, 2011 How NOT to deal with your debts

How NOT to deal with your debts Tip of the Day:
Don’t take money out of your RRSP unless you calculate the amount of tax payable and set that amount aside to give the government at tax time – RRSP withdrawals are taxable, and even though your financial institution will withhold some tax, it is most [...]

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Should I pay down debt, or contribute to my RRSP?

by Douglas HoyesFri Aug 13, 2010 Setting a Course to Be Debt Free

Next week we will continue our series on Setting a Course to Be Debt Free, but today we will address a very common question: should I pay down my debt, or should I contribute to an RRSP? The answer depends on your circumstances. Here are the four questions you need to answer:

What interest rate [...]

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