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  1. Investing
    Warning: Unseasoned Investor Alert :-) I have funds I want to "plant" in my RRSP for the next 20+ years, which won't be needed until then. Am I too adventurous to plant them in index funds such as SPY/QQQ/VT?
  2. General Personal Finance Talk
    In light of the fact that tax will only increase, something that I mention previously, does it make sense for a young person to use RRSP for retirnment, or should he/she stick with TFSA?
  3. Taxation
    Hi there. Sincere apologies as I KNOW this can't be a particularly novel idea, but in poking around I couldn't seem to find a good related discussion. Apologies (again) if I missed it on this site somewhere. I have lots of carried forward RRSP contribution room. We have no debts and own our...
  4. Taxation
    Hello, Canadian Citizen living in New Zealand for the last 2 years, since January 2020 and have not made income in Canada since leaving. August 2021 I received a payout of ~$25k for an ICBC (BC Auto Insurer) incident. The money is now in my Canadian account and would like to put into my RRSP's...
  5. Real Estate
    Hello Everyone, I am in a unique situation where I have room in my RRSP but I have also want to provide down-payment for my house. Unfortunately, I can not choose both, now I am in the dilemma of should I save/defer tax by adding in my RRSP or pay tax and keep money for my down-payment in...
  6. General Personal Finance Talk
    I've been living in the US on a green card for some time now. I've been to figure out what to do with my registered accounts; I didn't settle this prior to moving (which I regret) and now I'm trying to figure out what to do. I tried applying for Canadian investments but since I'm no longer a tax...
  7. Retirement
    Hi, I'm trying to figure out whether leveraged-ETFs and/or inverse leveraged ETFs are qualified (allowable) investments in an RRSP. I've been reviewing the CRA documentation on this, and it seems like they are allowed, since they are listed securities. However, since they are derivatives (or...
  8. Retirement
    Hoping you fine folk can help me think this one through. I currently have almost nothing in RRSPs, but this year we're going to start putting in significant amounts, and I just heard of spousal RRSPs today and am wondering how to best use them in my unique situation. I'm 42, and my wife is 36...
  9. General Personal Finance Talk
    Hey everyone. Hope you're all staying safe. I'm not really sure where to start in terms of my finances. So I'll write out my current life and financial situation in general. I'm 36 years old, single, have an online business that pays the bills but barely covers my expenses. I try to live...
  10. Retirement
    I'm looking for advise to help a family member choose ETF's. She is retiring in May and has around $700k in RRSP'S. Currently she invested in TD mutual funds where she is paying an exorbitant 2.2% MER. I've suggested she bail on the Mutual funds and move her retirement funds into ETF's. I'm...
  11. Investing
    Hi there! I'm looking to buy mutual funds at either TD or CIBC; however I already own tax-deferred accounts at RBC (1 TFSA and 1 RRSP). How should I go about setting my funds within either of these accounts? Will I be able to combine them or will I have to start a new tax-deferred account at...
  12. Real Estate
    Next year I will be looking to buy my first property since becoming resident in Canada, but I have owned a principal residence in the last 4 years in the UK. My banker in Canada seems to think I am still eligible for the Home Buyers Plan RRSP, meaning that I can put $35k into an RRSP, then take...
  13. Taxation
    Hi All, Soon I will become a 'non-resident for tax purposes' because I got married and will be moving to my wife's home country. However, a few years ago I bought my house using the HBP. I've been paying it back slowly (annual minimums), but I now realize that once I declare myself a...
  14. Taxation
    Hi I have group rrsp option from my employer I deferred my 2018 bonus to 2019 and part of my bonus (lets say X ) went to RRSP directly with out any tax cuts myCRA already has this X amount of contribution slip Now im trying to submit my taxes using simpletax/turbotax and I selected to import...
  15. Retirement
    Hi all, I've got a RRSP question that I'm not sure how it works. So here is an example... I have a few dividend stocks in an RRSP account. Let's say I turn 65 and need to withdraw these. I don't want to sell them. Can I do a transfer in kind to a non-registered account and pay the government out...
  16. Investing
    Following is on the MAWER website FAQ **************** We recommend that investors hold the Balanced Fund in tax sheltered accounts (RRSP, SPRRSP, TFSA, RRIF, LIF, etc), and hold the Tax Effective Balanced Fund in non-registered, fully taxable accounts. **************** I do not understand why...
  17. Investing
    My income last year was at 43% marginal tax rate. I have a TSFA of about 20K that I want to use it against my principal at the time of refinancing my mortgage in 2.5 years. When I opened the TSFA last year I was hoping I could get better than my current 2.54% mortgage rate but with the drop of...
  18. Investing
    Hi Everyone, I am new to the realm of investments. Although I have a TFSA, I feel embarrassed for not having opened any pension plan (RPP) or retirement plan (RRSP) in my 2 years of work in Canada. I have come across ManuLife DC RPP offered to employees at my current company. My organization...
  19. Investing
    Thinking about this and wondered if anyone might have implemented it, and how it went. From my RSP or RIF redeem investments and set up a self directed first mortgage on principal residence. Use the proceeds to invest in an non registered investment, like a growth ETF or M Fund. It would...
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