Mortgage brokers rated their lenders, and these are the results + MORE Apr 16th
MoneySense has a new look Apr 25th
How high will interest rates go in Canada? Could they reach double digits? Jul 30th
Why mortgage brokers are embracing ‘digital onboarding’ and not looking back Aug 9th
The latest in mortgage news: Half of borrowers concerned about mortgage renewals Apr 7th
Can you maximize your RRSP and TFSA with an income of $0?
– moneysense.ca
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.
—Jennifer
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?
– canadianmortgagetrends.com
A dive into the latest inflation results…too soon to celebrate?
– canadianmortgagetrends.com