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The new Canadian Tax Free Savings Plan, what's the deal? |
I'm wondering if you're in the lowest tax bracket there is, and generally putting away less than $5000 per year anyway, would using the new CTFS be a better retirement investment vehicle than RRSP? I'm a little confused about it myself, but the following article suggests that if you are of lower-income, the using the CTFS is better than an RRSP. |
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I'll invest my tax refund in the stock market. A note on proper terminology: "tax return" refers to the forms/documents, such as 1040. "Tax refund" is the money you get... I agree with the above statements in that bad credit will make it very tough for you to get financing. Personally, I found a bank that would lend based on the value rather than the purchase price.... You really need to see someone at the SBA (small business association) in your area. Good Luck!! ...you're going in the right direction but you really should look at it as a percentage of income. Try to contribute 10% of your income as a minimum rather than the $1,000.00. Also, since you... This is a question that should have been asked before you purchased the units. Now is little to late to decide if you have made a good investment. What type of repairs are you performing? As a l... practice on paper till you feel you really understand what you are doing before jumping in with your funds. That's a good mkt to make money in,, but you can lose it all over night and not see ... 1st of all---- Are you watching the market???? Do you see all of the foreclosures out there. People took out arms and interest only loans and their interest rates shot up. You need to get a fix... A return of 14% after 3 years is less than I can get from a bank deposit. And what kind of guarantee is it when you are not sure if it is 14% or 20%? Also who is backing your so called "quaran... |
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