It is again January and it is again time to think about retirement, I mean retirement money. Canadians can contribute their RRSP and have tax deferred. The best strategy is always contributing the maximum amount. However, for regular working Canadian like me, it is virtually impossible to use them up because of budget constraints.
I started making monthly contribution last year and it had been convenient. Lots of people rush to buy RRSP right on the deadline and this is not a good strategy at all. As demand goes up, price goes up. Therefore, I would like to buy before the others buy. The biggest challenge for me is only that I don't really have enough money to buy the amount I want... When tax season comes, Canadian should really question ourselves if the public health system is really what we need. Taxes are just too high!
5 comments:
Hello !.
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You may probably be very curious to know how one can manage to receive high yields on investments.
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