As the Canadian real estate market continues to rise, some investors want to put their RRSP money to work in a real estate investment. While there are limitations, there are also several options available to investors. Unfortunately, those looking to buy a rental property with their RRSPs are out of luck. Tax-free RRSP withdrawals […]
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RRSPs are about much more than just retirement
While the word “retirement” makes up one of the four letters in the RRSP acronym, many investors just starting out may not realize that an RRSP can be useful for many things other than post-work income. RRSPs can be used, for example, (1) to generate an emergency source of income after unexpected job loss; […]
5 Best Times to Make Credit Card Payment
The saying “timing is everything” definitely applies to your credit card payment. If you pay late, you’ll not only incur late fees, but you also risk damaging your credit and having your interest rate increased to the highest penalty rate. The timing of your credit card payment – even when you pay on time […]
7 Times You Shouldn’t Use Your Credit Card
Before you make a credit card purchase, do you question whether it’s a good idea to swipe? Just because your credit card issuer gave you access to a credit line and just because there’s something you want to buy doesn’t mean it’s a good time to use your credit card. Here are a few […]
What Landlords Can Do To Avoid Tenants from Hell
Property management is an expensive option used by some property investors to keep tabs on their real estate — something that seems all the more important in the wake of a story this month about a renegade tenant turning rental properties into illegal rooming houses. In last weekend’s National Post, Sonia Verma wrote a first-person […]