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Eliminate Credit Card Debt Through an RRSP Loan

Have credit card debt but a good income? An RRSP loan may be the solution to get rid of that high interest credit card debt.

A staggering twenty five per cent of Canadians owe between $10,000 and $40,000 on their credit card. Those credit cards typically charge between [...]

So Called Guranteed Investments

Watch out for investments such as GICs, Term Deposits, Escalator Term Deposits and Fixed Term Non-redeemable “investments” offered by the banks. I use the term “investments” loosely as they are a great investment…for the banks- not for you. These are low yielding investments that bring typically 1.5 to 3 per cent returns. These [...]