Sentences with word «rrsp»

I've got a few thousand left in RRSP contribution room.

And one more (if you may): there is no tax for RRSP accounts, right?

Not having a pension plan means that I can create significant amounts of RRSP contribution room each year, without the contribution room being reduced by a pension adjustment.

A young couple may also save on taxes by setting up a spousal RRSP for the lower income spouse.

Ok, and I have, for 2010, 7 000 $ I can invest into RRSP in order to benefit from a tax break.

It seems to limit the amount of RRSP room one should use since the majority of people's portfolios are usually in equities that they hope to appreciate in value.

The problem with RRSP withdrawal, in addition to being taxed, is the contribution room is gone forever.

Most people love the tax refunds that come with RRSP contributions, but it's better if your retirement savings aren't taxed in the first place — just like with a pension plan.

As RRSP participation fell around the turn of the millennium, the limit was raised to 30 per cent in 2001 and eventually dropped in 2005.

Try setting up a spousal RRSP account and make contributions to it in the name of your lower - earning partner.

Very little financial detail is provided such as a net worth statements for her or her husband or the returns made on RRSP investments so it's difficult to assess what went wrong.

I am new to «controlling» my own RRSP savings.

The third solid reason is the opportunity to make RRSP withdrawals at lower tax rates than when the contributions were originally made.

So it might pay to make a prudent withdrawal from a spousal RRSP at such times during your life when your family really needs the extra money.

Are you suggesting that people should only use RRSP room for interest paying bonds, and securities that are held for their ability to pay dividends?

In a way, investment gains in RRSP tax shelters give you a double profit.

I have a few questions about matching contributions made to a group RRSP by my employer.

Some investors only invest RRSP funds in interest - paying securities, because they hate to see tax advantages go to waste.

But it's not always wise to claim the maximum RRSP deduction, he adds.

BTW, inside RRSP, the yields are tax - deferred, not tax - free.

In summary, there are lots of unique RRSP investment options available to investors beyond mutual funds.

People who jump into RRSP loans without thinking about the effect on their cash flow are usually in for a rude awakening.

Some places may stay open later on RRSP deadline day, but it's best to check now to make sure the one you plan to go visit is one of them.

But definitely best to put in RRSP when your income is higher, if you have to choose.

But, I don't transfer money to RRSP because my wife stopped working, so our tax margin is little low.

While this issue has your attention, review the performance of your wife's RRSP over time.

What's with the relentless marketing of RRSP season?

I've just transferred out my wife's RRSP portfolio in cash to an online discount brokerage.

I've been contributing to a spousal RRSP while my wife stays at home with our four kids.

Or if you are a business owner and can take your compensation as salary instead of dividends to generate more RRSP room, this should be considered.

I'd like to move my self - directed RRSP account from one institution to another.

This makes RRSP planning a must for those families in order to reduce family net income below the $ 70,000 threshold.

They should save about $ 20,000 a year plus RRSP refunds for 35 years, or $ 45,000 a year plus refunds over 20 years.

A longer timeframe will give you more time to offset the immediate tax implications of early RRSP withdrawals with long - term tax savings of instead growing your savings in your TFSA.

Just go ahead and bump up your regular RRSP contributions by $ 10 or $ 20 dollars each time.

Likewise, if you and your spouse are approximately the same age and planning to retire together, you might think of your combined RRSP assets as a single portfolio.

Winning new business is clearly on the minds of big and small discount brokerages with a number of promotions aimed squarely at Canadian investors looking to open RRSP accounts.

Your third suggestion — maximize RRSP contributions — is partly right but I'd take it even further, as you'll see below.

You can get that at many brokers for free with wash trading or separate USD RRSP accounts.

Your down payment portion can come from savings including RRSP or gifted money from a family member.

Then you may decide to apply your annual RRSP tax refund to the mortgage principal every year too.

So if you're investing inside a TFSA or RRSP where taxes don't matter, go with the bonds.

The values in the two accounts are equal because the larger RRSP balance allows for its withdrawal taxes.

From an investment perspective, it may not be ideal to have to manage a Canadian RRSP from another country, since it won't be possible to transfer it there.

So years back she made a large RRSP withdrawal and paid off the rest of the existing mortgage.

Any institution that offers RRSP accounts needs to have some sort of transfer form available to facilitate transfers to other financial institutions.