Sentences with phrase «rrsp loan strategy»

Not exact matches

However, under an RRSP meltdown strategy, you would offset the additional tax by taking out an investment loan and making the interest payments from funds you withdraw from your RRSP (the withdrawals must be equal to the interest payment).

One strategy to increase the amount contributed towards an RRSP (and pay less taxes) is to take out an RRSP loan.

Then you might not want to use the transfer - in - kind strategy but resort instead to using actual new money (cash) or borrow the money with an RRSP top - up or catch - up loan, which we will address in a future column.