Comments on: RRSP Tip # 2: Park your Contribution http://www.canadiancapitalist.com/rrsp-tip-2-park-your-contribution/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: This and That: Parking RRSP contributions, Market Risk and more… | Canadian Capitalist http://www.canadiancapitalist.com/rrsp-tip-2-park-your-contribution/#comment-430690 This and That: Parking RRSP contributions, Market Risk and more… | Canadian Capitalist Fri, 25 Feb 2011 03:26:57 +0000 http://www.canadiancapitalist.com/2007/02/14/rrsp-tip-2-park-your-contribution#comment-430690 [...] If you planning on making a RRSP contribution, you probably know that you only have 5 more days to do so. With time running out, the best tip I have is to first come up with a plan before investing your hard-earned money. You can simply park your contribution until you complete your investment plan. [...] [...] If you planning on making a RRSP contribution, you probably know that you only have 5 more days to do so. With time running out, the best tip I have is to first come up with a plan before investing your hard-earned money. You can simply park your contribution until you complete your investment plan. [...]

]]> By: Tips for Your RRSP Contribution http://www.canadiancapitalist.com/rrsp-tip-2-park-your-contribution/#comment-113413 Tips for Your RRSP Contribution Thu, 14 Feb 2008 12:06:00 +0000 http://www.canadiancapitalist.com/2007/02/14/rrsp-tip-2-park-your-contribution#comment-113413 [...] market fund: A RRSP allows you to hold cash but while you wait to develop an investment strategy, invest the contribution in money market funds or cashable GICs. That way, you have the access to cash when you are ready to actually invest but [...] [...] market fund: A RRSP allows you to hold cash but while you wait to develop an investment strategy, invest the contribution in money market funds or cashable GICs. That way, you have the access to cash when you are ready to actually invest but [...]

]]> By: Steve Heath http://www.canadiancapitalist.com/rrsp-tip-2-park-your-contribution/#comment-20403 Steve Heath Wed, 14 Feb 2007 21:12:30 +0000 http://www.canadiancapitalist.com/2007/02/14/rrsp-tip-2-park-your-contribution#comment-20403 Usually there are no fees involved, but after researching I found that if I wanted to build up in PC Financial, then move it over to CIBC's brokerage there would be a fee, even though they are sister companies. Usually there are no fees involved, but after researching I found that if I wanted to build up in PC Financial, then move it over to CIBC’s brokerage there would be a fee, even though they are sister companies.

]]> By: Jon D. http://www.canadiancapitalist.com/rrsp-tip-2-park-your-contribution/#comment-20399 Jon D. Wed, 14 Feb 2007 20:16:27 +0000 http://www.canadiancapitalist.com/2007/02/14/rrsp-tip-2-park-your-contribution#comment-20399 Keeping interest earning income inside your RSP is generally recommended since interest is taxed at your marginal income tax rate. This can be upwards of 40% for some earners: to see your marginal rate this is a simple calculator at E&Y http://www.ey.com/GLOBAL/content.nsf/Canada/Tax_-_Calculators_-_2006_Personal_Tax Keeping interest earning income inside your RSP is generally recommended since interest is taxed at your marginal income tax rate. This can be upwards of 40% for some earners:

to see your marginal rate this is a simple calculator at E&Y

http://www.ey.com/GLOBAL/content.nsf/Canada/Tax_-_Calculators_-_2006_Personal_Tax

]]>