Back to Blog
4 Feb

Using your home’s equity to invest in RRSP

General

Posted by: Sarah & Jonathan

With RRSP season in full flight, a lot of you may be wishing you had funds available to invest in your RRSP.

 

If used correctly, an RRSP investment can reduce your income tax and at the same time, build wealth for your future. To take advantage, many Canadians are opting to use the equity in their homes to come up with sufficient funds to contribute to their RRSP each year.

 

Do you have large contribution room in your RRSP. If you do not have the funds available to invest, I will take the time to calculate the long-term cost-benefit savings of utilizing the equity in your home. In many cases, the compounding benefits of long-term investments and tax deferrals could outweigh the newly invested funds.

 

Knowing the options that are available to help you achieve financial security over the long-term will help you save for a better future.

 

Call us today to find out about our line of credit.  We cover legal and appraisal costs to set it up!!!