Posts Tagged ‘RRSP’

How to Use the Home Buyers Plan

How to Use the Home Buyers Plan

The Canadian Home Buyers Plan is a way to borrow from your RRSP in order to come up with a down payment for your first home.  Having bought my first home recently, I found the home buyers plan information on the Canada Revenue Agency website a bit difficult to understand (must be all that government…

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TFSA vs RRSP: Head to Head Comparison – Updated 2017

There has been a lot of talk about which one is better, the TFSA vs RRSP in both the PF blogosphere and the media.  Both are great savings and investing tools for us Canadians, but there are important differences between and choosing correctly between the Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP)…

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Investors Group Update: Lower MERs

Investor Groups MER

Slowly but surely, those who are preaching the low MER fees Gospel (and I will proudly number myself among the faithful) are winning the battle for the hearts and minds of Canadian investors. Despite the fact that we still pay the highest mutual fund fees in the world (2.1% on average), we are slowly becoming…

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youngandthrifty Net Worth Update: May 2011

$132, 262 (+ 2.4%) Some of you might have noticed that I haven’t done a net worth update in a while.  At first, I decided to stop posting my updates because of all the negative comments I was receiving on my home purchase.  Then I decided to compromise, because really, a personal finance blog isn’t…

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Why I won’t be filling out a T1213 for my Tax Return

In case you didn’t know, the T1213 (entitled “Request to Reduce Tax Deductions at Source for Tax Year”) is a form from the Canada Revenue Agency that lets you take back the interest-free loan to the government you give them every time you get a huge honkin’ tax return. If you regularly contribute to your…

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youngandthrifty Net Worth Update: February 2011

$129172 (+ 1.03%) Another month has gone by, we’re almost into 1/4 of 2011 already!  I hope everyone is keeping up with their personal finance resolutions.  I usually do my net worth calculation at the same time every month (yes, I actually look FORWARD to this, am I a personal finance geek or what?), but…

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