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Sep 18, 2015

RRSP Refund


Things to do with your RRSP Refund!

RRSP Refund Kathy Waite Regina Saskatchewan

  • Put it on your mortgage – lower debt would allow you to fast track your early retirement plan.  
  • Pay off credit card debt – saves more interest than you can likely make by investing.
  • Start a rainy day fund – life has a habit of surprising us.
  • Put it in your children’s RESP – receive an extra 20% grant on it (30% in Saskatchewan). That’s a very good return on investment.
  • Reinvest it in your RRSP – supercharge your RRSP by getting the deduction for next year.
  • Do some essential home maintenance – you have been putting off because of the expense but now you have the cash. Your home is your biggest asset, look after it
  • Sick of your job? – Start an escape fund, plan your own business and this will help fund the start up.
  • Donate it to charity – that’s a tax deduction!
  • Put in in the TFSA
  • Keep it non registered and explore – do something riskier than you usually would with it and learn about investments.
  • OR be really naughty and treat yourself…..who says we always have to be sensible. Live a little!

Check us out on:  TrustedRegina.com Eureka Investor Guidance Kathy Waite

 

Things to do with your RRSP Refund!

 Things to do with RRSP Refund Kathy Waite Regina Saskatchewan

  • Put it on your mortgage – lower debt would allow you to fast track your early retirement plan.  
  • Pay off credit card debt – saves more interest than you can likely make by investing.
  • Start a rainy day fund – life has a habit of surprising us.
  • Put it in your children’s RESP – receive an extra 20% grant on it (30% in Saskatchewan). That’s a very good return on investment.
  • Reinvest it in your RRSP – supercharge your RRSP by getting the deduction for next year.
  • Do some essential home maintenance – you have been putting off because of the expense but now you have the cash. Your home is your biggest asset, look after it
  • Sick of your job? – Start an escape fund, plan your own business and this will help fund the start up.
  • Donate it to charity – that’s a tax deduction!
  • Put in in the TFSA
  • Keep it non registered and explore – do something riskier than you usually would with it and learn about investments.
  • OR be really naughty and treat yourself…..who says we always have to be sensible. Live a little!

Check us out on:  TrustedRegina.com Eureka Investor Guidance Kathy Waite