The Home Buyer's Plan (or HBP for short) was introduced by the Canadian government to assist first time home buyers with owning their first homes. It is actually a provision that …
Save to an RRSP or Pay off your Mortgage? Part 3 of 3
Continuing from Part 1 and Part 2 in this series, we will now explore what happens when we change our long term expectations of return on our investment portfolios. I looked at …
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Save to an RRSP or Pay off your Mortgage? Part 2 of 3
Continuing from Part 1, now we will examine the next scenario...Scenario B: Pay down the mortgage first - RRSP refund not used productivelyIn this scenario the set mortgage payment …
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Save to an RRSP or Pay off your Mortgage? Part 1 of 3
This is one of those debates that will probably rage on without ever clearly being decided anytime soon. So instead of telling you that either paying down your mortgage more …
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