As the deadline (March 1, 2006) for RRSP contributions approaches, many people just walk into their local bank and buy one of the “hot” mutual funds (probably a resource fund or an income fund this year). The result is a mishmash of funds accumulated over the years, many of which are not so “hot” anymore. [...]
Entries Tagged as 'RRSP'
RRSP Tip # 2: Take your Time
January 26th, 2006 · No Comments
Tags: RRSP
RRSP Tip # 1: Avoid Venture Capital Funds
January 25th, 2006 · No Comments
The RRSP season is in full swing and Canadians are being bombarded with advertising pitches for various investment products. The other day, I heard a radio commercial for investing in Venture Capital Funds. Labour Sponsored Investment Funds (LSIF), as these funds are called, invest in small private companies by providing start-up or mezzanine financing. Investing [...]
Tags: RRSP
Advantages of a RRSP
December 7th, 2005 · 9 Comments
Yesterday’s post Don’t Give up Free Money elicited this comment:
I’m not sure if a RRSP is the best option. If the tax agency is trying to give you a “deal” you should run away as fast as possible.
I have heard variations of this “the government always gets you” theme over the years. For the [...]
Tags: RRSP
How to Open a RRSP Account?
November 22nd, 2005 · 7 Comments
I received a query from a reader about how to open a no-fee (or low-cost) RRSP account that provides a good selection of mutual funds. I thought I would expand my answer into a blog post.
If you want the flexibility to trade stocks and bonds, a RRSP account can be opened with any of the [...]
Tags: RRSP
