Before getting that loan or using your line of credit for an RRSP investment, experts say you need to be clear on your medium and long-term financial goals. Srivindhya Kolluru is a Toronto-based ...

An RRSP is a tax-deferred account specifically ... which are not subject to the withholding tax — though they’re more like a loan to yourself than a true withdrawal. Both types of accounts ...

Understanding that not everyone has the ability to save, Kabot says one option is to take out an RRSP loan, which banks usually offer at a favourable rate. “It’s sort of like a forced saving ...

A spousal RRSP allows the higher-earning person in a married or common-law couple to contribute to a retirement savings account in their partner’s name. Many or all of the products featured here ...

Once your LLP loan is repaid in full, you can use the program again. Unlike with an RRSP, contributions to a tax-free savings account (TFSA) are not tax-deductible. However, TFSAs offer tax-free ...

Towfiqu Photography / Getty Images Registered retirement savings plans (RRSP) and registered pension plans (RPP) are both retirement savings plans that are registered with the Canada Revenue ...

It’s a beneficial strategy to increase your down payment, potentially avoiding costly mortgage loan insurance fees. The Lifelong Learning Plan facilitates the return to school for RRSP holders ...