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Top up RRSPs with investment loans
With the March 2 RRSP deadline quickly approaching, it’s likely some Canadians are trying to find a way to maximize their 2008 contribution. One way to top up the account – and secure a 46% tax credit – is through leveraged investing.
It’s a risky practice, but borrowing to invest in an RRSP is one way investors can get the most out of their registered plan. And with low interest...
Bryan Borzykowski is a Toronto-based writer and editor working mainly for business and entertainment publications. He regularly contributes to Canadian Business magazine, Globe and Mail, Toronto Star, PROFIT, MoneySense and the Advisor Group. Bryan's the editor of Review magazine and is a senior editor with Connected for Business magazine. He's also a contributing writer with Hello! Canada and was once a weekly music columnist for Metro News. He's been nominated for several National Magazine Awards and recently co-authored