This applies to you if you are investing in an RRSP or have plans to each year. I was comparing the relative costs of contributing monthly into a plan or using an RRSP loan during RRSP season (January - February).
I recently got the following question in a comment on my previous article:
If we withdraw from our RRSPs we lose out on
interest. Would it make more sense to use our line of credit? Is the
interest we'd have to pay on that offset by the interest we gain with
RRSPs?
This is my second podcast. Today I talk about keeping all your tax related stuff together in one place so that you have it all when you need it most. If you like it, please send me feedback.