Over the past 10 years we’ve made real estate investment as simple as possible for all our investors but…
Can other investments be made this Simple?
Many of us have been taught to invest in RRSP’s. Every January and February the financial institutions start with splashy Ads, depicting a very youthful retired couple running on a beach and enjoying all that life has to offer.
All you have to do is maximize your RRSP’s and you can have this life. Unfortunatley the story being told is just that, A STORY…
A legal trust registered with the Canada Revenue Agency and used to save for retirement. RRSP Contributions are tax deductible and taxes are deferred until the money is withdrawn. An RRSP can contain stocks, bonds, mutual funds, GIC’s, contracts and even MORTGAGE BACKED EQUITY.
What they really mean to say is that it is a TAX DEFERRAL system that will allow you to grow for your future and theirs. You still have to pay taxes on it, but if you live long enough and take the money out at the lowest amount, you may save money.
There is nothing wrong with RRSP’s but they are not going to give you the story they advertise. The real question is what to do to maximize these investments? The Simple Investor has come up with a solution and it is… SIMPLE!