Comments on: Mortgages in a RRSP http://www.canadiancapitalist.com/mortgages-in-a-rrsp/ Helping you invest and prosper Sat, 11 Feb 2012 19:27:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: James Boanerges http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-435162 James Boanerges Tue, 01 Mar 2011 20:41:43 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-435162 We did this through TD Waterhouse back in 2006 and are very happy we did. Now paying 7.75 % interest to ourselves and seeing the RRSP Grow much quicker. http://www.RRSP-Mortgage.com We did this through TD Waterhouse back in 2006 and are very happy we did. Now paying 7.75 % interest to ourselves and seeing the RRSP Grow much quicker. http://www.RRSP-Mortgage.com

]]> By: Trevor http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-249266 Trevor Fri, 27 Aug 2010 20:21:36 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-249266 I use Olympia Trust in Calgary. The advantage of using an RRSP is that the money you make is not taxed and you can therefore make compound interest on all your profits. I use Olympia Trust in Calgary. The advantage of using an RRSP is that the money you make is not taxed and you can therefore make compound interest on all your profits.

]]> By: Carrie http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-222627 Carrie Sun, 30 May 2010 23:51:57 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-222627 All the banks can do it. We used TD Canada Trust as my husband's larger RRSP holding is self-directed with Waterhouse. All the banks can do it. We used TD Canada Trust as my husband’s larger RRSP holding is self-directed with Waterhouse.

]]> By: Walter Monteiro http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-212493 Walter Monteiro Sat, 06 Mar 2010 15:45:22 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-212493 RRSP mortgage investing changed my portfolio forever. I now teach it to others who want to know how to do the same. www.rrspmortgageinvestor.com RRSP mortgage investing changed my portfolio forever. I now teach it to others who want to know how to do the same. http://www.rrspmortgageinvestor.com

]]> By: John Doran http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-210104 John Doran Tue, 02 Feb 2010 19:07:09 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-210104 Do you know of any companies in Canada that are approved CMHC lenders who permit self administred mortgages - I have a CMHC insured mortgage on a res rental property due in 2011-I would like to replace Bank with my own $$ Do you know of any companies in Canada that are approved CMHC lenders who permit self administred mortgages – I have a CMHC insured mortgage on a res rental property due in 2011-I would like to replace Bank with my own $$

]]> By: Heather http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-210016 Heather Mon, 01 Feb 2010 18:12:37 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-210016 Another question: if you own a company which has a bit of spare cash rattling around in it looking for a home, could you "invest" in your own mortgage? For example, we have a $200,000 mortgage on our house. When we next renew our mortgage, could our company (supposing it had $200,000 to spend) give us the mortgage - another way of paying interest to ourselves rather than to a bank? This - and the RRSP mortgage - makes huge sense to me in a time when other means of investment are producing little or, in the case of mutual funds, even losing money. With governments deeply in hock, unemployment rising daily and generally bad new world-wide, I don't have a lot of faith in equities any more... Another question: if you own a company which has a bit of spare cash rattling around in it looking for a home, could you “invest” in your own mortgage?

For example, we have a $200,000 mortgage on our house. When we next renew our mortgage, could our company (supposing it had $200,000 to spend) give us the mortgage – another way of paying interest to ourselves rather than to a bank?

This – and the RRSP mortgage – makes huge sense to me in a time when other means of investment are producing little or, in the case of mutual funds, even losing money. With governments deeply in hock, unemployment rising daily and generally bad new world-wide, I don’t have a lot of faith in equities any more…

]]> By: Walter http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-210004 Walter Mon, 01 Feb 2010 15:34:07 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-210004 The reason nobody talks about it is because there's nothing in it for them other then trustee fees. Financing your own mortgage is not as profitable as funding an arm's length, 3rd party mortgage. I actually have a recorded webinar online if you'd like to watch it. http://www.rrspmortgageinvestor.com/replay. The reason nobody talks about it is because there’s nothing in it for them other then trustee fees. Financing your own mortgage is not as profitable as funding an arm’s length, 3rd party mortgage. I actually have a recorded webinar online if you’d like to watch it. http://www.rrspmortgageinvestor.com/replay.

]]> By: TV http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-210000 TV Mon, 01 Feb 2010 15:22:54 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-210000 Hi, I happened to come across this blog and think I have found a good way to pay our mortgage. But first can someone please give me some insights (or where to read on this subject) into how the whole mortgage in RRSP thing works? eg... one can pay to himself legally and how come the public is not aware of this? Appreciate it Hi, I happened to come across this blog and think I have found a good way to pay our mortgage. But first can someone please give me some insights (or where to read on this subject) into how the whole mortgage in RRSP thing works? eg… one can pay to himself legally and how come the public is not aware of this?

Appreciate it

]]> By: Wilhelm http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-208602 Wilhelm Thu, 14 Jan 2010 17:58:45 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-208602 If mortgage interest is not tax-deductible the benefits are doubtful. The main attraction of an RRSP is tax-deferral. While it indeed appears that one can grow their RRSP faster and larger by paying oneself interest on a mortgage held within it, one will be taxed on that money as income tax upon withdrawal from the RRSP - without having gained a tax deduction on that (after-tax) contribution. If mortgage interest is not tax-deductible the benefits are doubtful. The main attraction of an RRSP is tax-deferral. While it indeed appears that one can grow their RRSP faster and larger by paying oneself interest on a mortgage held within it, one will be taxed on that money as income tax upon withdrawal from the RRSP – without having gained a tax deduction on that (after-tax) contribution.

]]> By: Carrie http://www.canadiancapitalist.com/mortgages-in-a-rrsp/#comment-202590 Carrie Thu, 29 Oct 2009 18:49:18 +0000 http://www.canadiancapitalist.com/2006/10/02/mortgages-in-a-rrsp#comment-202590 1. payments made to my RRSP instead of to bank 2. use of funds sitting in RRSP to purchase investment property--which produces income today and (hopefully) increases in value over the course of many years 3. interest that I pay to my RRSP is deducted from income earned (investment property) 4. very safe investment --as I'm the borrower and know for a fact that I'm good for it 1. payments made to my RRSP instead of to bank
2. use of funds sitting in RRSP to purchase investment property–which produces income today and (hopefully) increases in value over the course of many years
3. interest that I pay to my RRSP is deducted from income earned (investment property)
4. very safe investment –as I’m the borrower and know for a fact that I’m good for it

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