|
 |
Question:
Hi, my question is if I have 2000 dollars is it wiser for me to put it into an RRSP Labour Sponsored Funds or to invest into something in the stock market. I want to get money back from income tax yet I want to make some money as well.....Thank you
Christine Weessies
Answer:
Hello Christine,
First of all, by contributing to your RRSP you will get a tax deduction. If you invest that RRSP contribution into a labour sponsored fund you recieve tax credits for doing so, and will get more money back in income tax.
How comfortable are you with investing in the stock market? Labour sponsored funds can also provide some good long term returns.What are your thoughts on investing/
Answered By: Brad Cross
More Questions & Answers ...
| 1. |
Hi Brad,
I'm a recent University Graduate, who is still paying off a big debt load. I want to sta ... |
| 2. |
Hi,
I have investments in stocks/savings bonds/rrsp and savings accounts.
I want, no need to minimix ... |
| 3. |
What should I buy with 8000$ for my RRSP by Feb 29th. Thanks.
Would like a substantial return,
Cana ... |
| 4. |
Brad
My wife and I are moving into a new house next month, and are expecting our first baby in late May ... |
| 5. |
Hi, my question is if I have 2000 dollars is it wiser for me to put it into an RRSP Labour Sponsored Funds or ... |
| 6. |
Hi Brad,
I wonder if you could lay out for me my tax options regarding a capital loss. I had bought a gove ... |
| 7. |
hi brad ,would you be able to suggset aid in a recent,diagnosed autistic grandson medical cost for interventio ... |
|
|
|
