The question really is not only, RRSP or Mortgage. The real question is savings or pay off debt. Can you run a marathon with 100 extra pounds on your back?
Are RRSP loans a good idea? Borrow money to maximize your RRSP payments? It is an idea, but is it a very good idea? That remains to be seen.
Right now in Ottawa every financial institution is advertising about how you should make sure that your RRSPs are max’ed out and how they are the right folks to talk to about them. I don’t… Read More »RRSP time, but what about RESPs, and Debt Reduction?