Start Calculating Now...

Now, I figure is the time to start finite calculations for the RRSP contribution as well as the loan you need to pump up the volume. Man, do you think the current climate is going to result in ridiculous lending rates? Probably. Almost makes me want to take out my RRSP loan now.

 

I am still not convinced to invest in RESPs because of the strangle-hold the government has on this scheme. While on the surface it looks like free money, claiming it is quite another thing; the stipulations around a full withdrawal of funds are very tight. But perhaps with a bit more research, I might find a viable way to ensure going this route, even partially, is worth the ride.

 

PD.