I know it is a tax advantage to invest in our RRSPs to the limit set by the CRA. I was thinking it's probably a good time to invest given that stock prices are low. But then someone cautioned me that you never know just how low they'll go, so perhaps now isn't a great time to invest?
Thoughts?
Is now a good time to put more money into our RRSPs?
Moderator: Mark T Serbinski CA CPA
There are many types of investments available for your RRSP. The tax deduction is available regardless of what you invest it, even a GIC or a money market fund, as long as you 'contribute'.
You can then 'invest' later.
You can then 'invest' later.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
[quote="nelsona"]There are many types of investments available for your RRSP. The tax deduction is available regardless of what you invest it, even a GIC or a money market fund, as long as you 'contribute'.
You can then 'invest' later.[/quote]
Thank you! Do you know anything about whether it would make the most sense to contribute now and invest later?
You can then 'invest' later.[/quote]
Thank you! Do you know anything about whether it would make the most sense to contribute now and invest later?