Case 3: Refund to the Mortgage
What if you took your tax refund from putting money into your RRSP and paid down your mortgage from that?
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Case 2: Refund to RRSP as well
If you put money into your RRSP and then plowed the refund back into your RRSP would that be good?
Case 1: Put it in the Bank
What do you do for a refund from putting money into your RRSP? Do you put it into your savings account?
RRSP or Mortgage?
The question really is not only, RRSP or Mortgage. The real question is savings or pay off debt. Can you run a marathon with 100 extra pounds on your back?
RRSP Loans, are they the right thing?
Are RRSP loans a good idea? Borrow money to maximize your RRSP payments? It is an idea, but is it a very good idea? That remains to be seen.
