This program has a lot of similarities to the Home Buyer's Plan. The Lifelong Learning Plan (LLP henceforth) is a program that allows you to make a zero-interest loan to yourself from your RRSP for …
The Home Buyer's Plan (HBP): Borrow from yourself to help with home ownership
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 allows you to take a …
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 increasing the ROR from …
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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 remains $2009.47 …
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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 quickly OR saving to your …
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Two Ways to Kickstart your Child's RRSP Account
Most people find out later in life just how important it is to start saving early. Here are two strategies you can use to help your children start saving early.YOU CAN SET UP YOUR CHILD'S RRSP AS SOON …
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