[...] debt is repaid, invest by contributing to your RRSP or [...]

[...] considered interest income, it may be the most tax efficient route to hold these funds within an RRSP or [...]

[...] the average income in Canada, the maximum RRSP contribution amount of $21,000 (for 2009) is more than what most employed workers are allowed to contribute.  [...]

[...] very similar to the flex budget in terms of it’s flexibility. The difference is that all savings (RRSPs, RESPs, TFSAs, investments) go out first. Fixed expenses are taken off second and the rest is to do [...]

[...] the personal life. We left earnings in the corp and just took what we needed to live on. Over time RRSP contributions increased and we “caught up” in our mid to late 20’s.  Since then we’ve [...]

[...] invest the new money in your HELOC. Note that you SHOULD NOT use the HELOC money to invest in your RRSP as you will lose the tax deduction on the invested money.  If you don’t already have an [...]

[...] are eligible to be held in taxable and tax sheltered accounts like RRSPs and RRIFs (maybe even [...]

[...] the RRSP deadline right around the corner (March 2, 2009), this is a strategy that I’ve mentioned in passing a [...]

[...] a point to maximize my RRSP this year.  How does this tax deduction work?  Check out this post on how to calculate the tax return on your RRSP contribution.  If you have a spouse that isn’t working, then a spousal RRSP might be something worth [...]

[...] at me with a puzzled face and replied “why would I need savings when I have money in my RRSPs (401k for US residents) for scenarios like that?” Rather than going off on a tangent on deaf [...]

[...] contenders for Canada are:  RRSPs and TFSA's.  For the U.S, we have the 401k, Roth IRA and Traditional [...]

[...] Free Savings Accounts (TFSA’s) will be available in 2009. Should we be using them instead of RRSP’s to save for [...]

[...] common tax deduction for Canadians is an RRSP contribution.  An accurate way to calculate your tax return based on your contribution is through a tax [...]

[...] the RRSP side of things, I recovered a bit from the previous months losses as the markets have [...]

[...] FrugalTrader07:00 amAdd comment Permalink With RRSP season underway, I've been getting a bunch of e-mail from readers asking "what is the best way to [...]

[...] doesn't believe in RESP's much like he doesn't believe in RRSP's.  I'm the opposite, I think the RESP program is great where the government basically [...]

[...] plan without company backing.  It appears that the returns from an IPP surpasses that of an RRSP because of the extra contribution space given to those who [...]

[...] modest car. We find it very difficult to get any kind of savings going other then investing in our RRSPs every year. Do you have any advice or recommendations when it comes with balancing this amount of [...]

[...] compound growth in your portfolio is to pay as little tax as possible along the way. This is why RRSP investments usually grow far faster than non-RRSP [...]

[...] that since I'm going to continue to max out my RRSP, I won't have any extra cash to pay down the [...]