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What happens if I purchase an RRSP while in a proposal?

What happens if i purchase an RRSP while in a proposal. Just 100$ a month?

Posted from: Alberta

One Response to “What happens if I purchase an RRSP while in a proposal?”

A licensed trustee said...

Good for you – there are no rules against saving while you are in a consumer proposal so if you can afford to set $100 aside for an RRSP every month you should. You might want to think of a TFSA instead – there are no tax deductions, but there also aren’t any penalties if you need to whithdraw the money… I am not recommending one over the other, I just want you to look at all of your options.