Some Things Never Change: What We Can Learn From the Past + MORE Mar 5th
Scotiabank “intentionally slowing” its mortgage portfolio + MORE Mar 2nd
Mortgage debt taking up a record share of income Mar 17th
Mortgage providers slash rates in wake of bond yield drop + MORE Mar 23rd
Can you maximize your RRSP and TFSA with an income of $0?
I have $119,000 room allowed in my RRSP and $81,000 room in my TFSA.
I am 47, live in B.C., currently not earning income as a caregiver for a parent. I have a business with a registered GST number to claim income now or in the future. But for my question, let’s assume I will be claiming $0 for the next three years.
I have a sum of $250,000 coming to me as a gift, and I am looking to invest/save it.
I plan to use the portions not contributed into my TFSA and RRSP in investments that will be earning interest as income—likely mortgage investments.
Based on my income projections, what amount makes the most sense to invest into RRSPs at this time?
Should I spread the amount out over a period of time? Same question for TFSA.
Maxing out registered accounts: TFSAs and RRSPs
Jennifer, you likely want to maximize your tax-free savings account (TFSA), skip the registered retirement savings plan (RRSP) for now, and put the rest of your money into a non-registered account…
‘Business for self’ clients are on the rise. How do you secure a mortgage for one?
A dive into the latest inflation results…too soon to celebrate?