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Outlook 2011: Investor playbook (RRSPs)
If you heard a giant sigh of relief when the clock struck midnight on New Year’s, it likely came from Canadian investors, thankful that 2010 had come to an end. The year was a trying one. After shooting up by nearly 3,500 points in 2009, the market climbed only about 1,500 points last year. Daily talk of a double dip, soaring sovereign debt and uncertainty around the global economy’s...
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...
Deposit dilemma
Jeff Johnson is a diligent saver. He’s only 46, but the business developer is well on his way toward a comfortable retirement. Every year he maxes out his RRSP contributions and with other investments and accounts in his portfolio he’ll have enough dough to help him live well into his golden years.
But, even with myriad investment options, the Aylmer, Que. resident is planning to open a new...
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