We've seen that if you plan on saving for retirement by using an RRSP, you can really knock multiple years off your working life if you do something productive with the tax refund. That can be …
Unused RRSP Contribution Room at Death
What happens if you die with unused RRSP contribution room?Naturally you would be inclined to think that your legal representative would file an RRSP contribution for you for your final tax year, …
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The Two Types of RRSP Meltdown Strategies Part 3 of 3
In Part 2, we discussed a sample, complete meltdown. We found that it might be much too risky. Let's now look at some alternatives... WHAT ABOUT A TERM LOAN? This is complicated. If you were …
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The Two Types of RRSP Meltdown Strategies Part 2 of 3
Continuing from Part 1, I mentioned that I would look more closely at leveraging a meltdown. I already stated that I think it would be pretty rare for someone to want to completely meltdown their RRSP …
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Brand New Look for WhereDoesAllMyMoneyGo.com!
Hi everyone and welcome to the new look for WhereDoesAllMyMoneyGo.com! I decided to make some changes and I think I'm about 90% done. The big change is that I've gone from 2 columns to 3 columns and …
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The Two Types of RRSP Meltdown Strategies Part 1 of 3
I've written before that there are some situations in which you would want to avoid saving too much to your RRSPs. In one way or another, the reason comes down to taxes. The most common reasons …
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