Posted on March 21, 2010.
Do you know all the benefits for RRSPs in Canada? Would you get RRSPs in Canada (mutual fund or GIC) or is there anything else you invest to reach retirement?
Please include the benefits of the path you choose, for example, I know that RRSPs do me a tax deduction that helps me save money every year.
I know that many people have a property to get some capital out of retirement, but I heard that the capital gains that you pay on the sale of the house essentially null any profit you might have do?
Any helpful reply would be great!
I had a GIC at the Royal Bank, but no more, I can get more interest with ING Direct to a savings account, without restrictions on access GIC.
I have RRSP with Royal - it takes time to build but can rise very quickly.
I do not touch real estate in Calgary - it is really high right now and if it fails ... like the stock market.
