RRSP or Mortgage Then?
I wrote this before the dawn of the TFSA, so I have spruced it up with where your TFSA might fit into this equation. The data I mention are in the following posts: Case 1:… Read More »RRSP or Mortgage Then?
I wrote this before the dawn of the TFSA, so I have spruced it up with where your TFSA might fit into this equation. The data I mention are in the following posts: Case 1:… Read More »RRSP or Mortgage Then?
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?
The Smith Manoeuvre is a way to make your Canadian Mortgage tax deductible (the interest on the loan). Is this a good idea? I think it is incredibly risky, and asking for trouble with your future. Others swear by it. Are your mortgage interest payments that high?