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Top-Up RRSP Loan

The Top-up RRSP loan strategy is where you borrow a modest amount that is completely paid off within a year, before next year’s RRSP contribution deadline.   Example: You are in a 40% tax bracket and you have $3,000 available to contribute into your RRSP by the deadline date of March 3, 2014. You top

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Gross-Up RRSP Loan to Maximize Your Contributions Each Year

The Gross-up RRSP loan allows you to make a larger RRSP contribution than you otherwise would have. I know it sounds a bit strange to borrow and save at the same time but the strategy can ultimately improve your financial position. Over the long term, the benefits of deferring taxes and earning compound interest can

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Does Contributing to an RRSP Make Sense for You?

Anyone with earned income will have RRSP contribution room, but does that mean you should use it? There has been much discussion these days about whether the RRSP is of benefit at all. After all, you just have to pay the tax when you withdraw from your RRSP later. It is true that a RRSP

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