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RRSP vs. Mortgage – Where Should You Put Your Money?

Question. Hi, I recently received an inheritance of $50,000. Currently, I have about $107,000 in my RRSP, and since I’ve never been able to maximize my contributions, I have a contribution limit of over $60,000. Also, I owe $220,000 on my mortgage. My question is, what should I do with the $50,000 inheritance? Should I contribute it to my RRSP, […]

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RRSP Contribution
by Michael Callahan|  November 22, 2019November 24, 2019

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