Investments

Self-Directed RRSP’s – An option you should consider   A self-directed RRSP is a  type of Registered Retirement Savings Plan (RRSP) whose owner determines the asset mix held in the trust (your RRSP Account) A Regular RRSP is: a Canadian retirement savings vehicle to which contributions are tax deductible on an annual basis, up to a certain amount.  Typically…

Should I Invest in Mutual Funds/Stock Market

A young couple plans to buy a house in five years. They are saving diligently and have accumulated a down payment that currently amounts to $80,000. Here’s what could happen to this money if exposed to the volatility of the stock market. Year One: Their stock market investments rise 10 per cent to $88,000 Year Two:…

Are you unhappy with your RRSP Investment Returns?

Self directed RRSP’S, RRIF’s, RESP’s, LIRA’s and TFSA’s are eligible for arms-length mortgage investments. With a self-directed account, the RRSP plan becomes the mortgage holder. Each month a fixed income payment goes directly back to your RRSP account – tax free. As long as all payments are directed back to the self-directed RRSP account, your…

What is a Tax Free Savings Account?

A Tax-Free Savings Account (TFSA) is a flexible investment account that can help you meet both your short- and long-term goals. This tax-free compound growth means that your money grows more quickly inside a TFSA than in a taxable account. Contribution limits are: From years: 2009 – 2012 – $ 5,000 : 2013 – 2014 –…