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  1. Investing
    Hi All, My wife and I currently have the entire balance of our RRSPs invested in the "RBC Balanced Fund", which has a MER of 2.36%. We're both 30 years old and putting $325 a month into our individual RRSPs. Our research and planning so far consisted entirely of consultation with our RBC...
  2. Taxation
    Hi, I had a question for which I could not get satisfactory answer through googling. So thought of posting in my faviourite forum. My company deducts between 1-6% of my salary (based on my choice) towards Pension contribution. My question is - Is that contribution through RRSP? I dont think so...
  3. Investing
    Hi guys I'm a recent engineering grad and my company contributes to my RRSP. I have just about $5K in it right now. I use my earnings to pay off my credit card debt and rent so I haven't added much investment or RRSP contributions yet. Will be able to do that next month when I'm done paying off...
  4. General Personal Finance Talk
    Ok, here is our situation. I am a nursing student, soon to be graduated in 1.5 years at which point I will join the full time work force (oh joy!). My partner makes around $80,000/year. He does not like money talk, and until I came along had been accruing credit card debt. He struggles with...
  5. Investing
    Hello all, I have 3 self managed accounts at Questrade; RRSP,TFSA,Non registered. Looking to put the Couch Potato strategy into practice into each of these. I'm Looking for a simple self managed approach to balancing each with EFT's focusing on dividends, REITs, preferred shares and bonds. I'm...
  6. Taxation
    I have read about RRSP and TFSA but want to ensure I am choosing the right option. I was a student so have ~40K of unused tution credit. My annual taxable income this year will be ~60K. I want to make ESOP contributions. So my (limited) knowledge tells me I should do this through TFSA and not...
  7. General Personal Finance Talk
    I am new to Canada and will be here for a couple of years. I have been advised to start contributing to RRSP, but going through various blogs, I am skeptical about the same since I will be here for a short time. So my query is: Suppose I contibute to the RRSP for a couple of years and then stop...
  8. Taxation
    I can't decide whether to do regular payroll deductions to by company's Registered Pension Plan, or single lump sum to my RRSP... Over the past few years I have maxed out my RRSP contribution room with a single lump sum contribution of my annual bonus. I have done this to avoid the heavy...
  9. Taxation
    I want to hold US stocks or bonds in my RRSP, preferably through an ETF. I could simply buy a US ETF on a US exchange in my self directed RRSP. There will be no US withholding taxes on the dividends or interest. The only downside is I have to pay retail spreads to exchange CAD for USD when I...
  10. General Personal Finance Talk
    Right now, I do not have an RRSP. I have very little taxable income, would it make more sense to just make some interest on my savings (tax free) and have more to contribute later? Obviously, either way I would not be claiming the deduction yet. Another thing to consider is I would probably...
  11. Investing
    G'day all. I've been doing some research but can't seem to find anything definitive. Does anyone know how I can go about moving some US positions from my TFSA to my RRSP? When I first purchased them I was just getting into handling my own investments, and didn't realize that the RRSP is the...
  12. General Personal Finance Talk
    Good Afternoon! I am hoping to get some feedback from the group on how I should best utilize a chunk of money. I currently have an accumulated balance of about $25k sitting in a bank account (which I know is not a productive use for it!). My question is what would you do? I have a loan at 4%...
  13. Investing
    Newbie investor, 57, mortgage paid, 250K equity in investment real estate, 300K RRSP, 15K in a GIC TFSA and 60K in cash. I am creating a new portfolio and would appreciate any help you could provide in the way of comments, ideas and suggestions on the following 300K ETF RRSP I created based on...
  14. Investing
    I've recently been reading the debate (banter?) that has been going on in this thread and was wondering does it not make sense to have both an RRSP for long term holds and a TFSA that can be used to realize short term goals? Granted many people cannot meet there full contribution room each year...
  15. Investing
    I've seen some stuff that says there is a difference and other things says they are exactly the same. Is there any actual difference? Does the plan RSP have any tax advantages?
  16. Investing
    Whenever I purchase mutual funds with a financial adviser they always suggest I put it into an RRSP account. Even if I tell them that I plan to take the money out after a couple years to make a big purchase, they still insist that the tax refunds and tax deferred growth during the 2 years will...
  17. Investing
    Does anyone have a suggestion for how asset allocation should be managed across a husband and wife's RRSP? For example, is it best to: 1. Have each RRSP portfolio maintain the allocation I've decided on (e.g. X% bonds, Y% equities) or 2. Have 1 RRSP have the bonds component while the other...
  18. Investing
    Hello, I'm currently 23 years old. I just recently graduated from college, and luckily found a job that pays me $3000/month. In regards to my finances, I am dirt poor. I have $100 left on TD chequing account and $16,000 student loan from OSAP (Ontario Student Assistance Program) that I have to...
  19. Taxation
    Quick question, are all forms of income eligible for the 18% RRSP contribution limit? I have the following sources of income: - regular full time job - small business - real estate rental - part time/casual work Obviously anything that issues me a T4 is eligible, I'm wondering about the...
  20. General Personal Finance Talk
    Hi all, Let's assume you have a fairly simple investment account structure such as an RRSP account, non-registered investment account, and TFSA. Now, do you decide on one target asset allocation per account type (one type being retirement accounts, another type being non-retirement ones), or...
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