RRSP究竟应该怎么买或不该买，请看这里
- 主题发起人 嘀嘀叭叭wuuu
- 开始时间
Re: Re: Re: RRSP到底是不是必须买？？好不好？？
Right. The truth is you can't predict the future, so at present you can't determine with certainty which way will benefit more down the road.
Other rule for those making between 35,000 ~ 61,000: (not 70,000, you should try to reduce taxable income below the 20% Ontario surtax level):
1) If you have a mortgage, pay off mortgage first.
2) If you plan to leave Canada in the future, buy RRSP. Because once you become a non-resident, you only have to pay a 25% tax to cash out your RRSP.
3) If you trade stock or mutual fund a lot, don't buy RRSP, as capital gain will be taxed 100% inside RRSP, while only 50% outside.
Right. The truth is you can't predict the future, so at present you can't determine with certainty which way will benefit more down the road.
Other rule for those making between 35,000 ~ 61,000: (not 70,000, you should try to reduce taxable income below the 20% Ontario surtax level):
1) If you have a mortgage, pay off mortgage first.
2) If you plan to leave Canada in the future, buy RRSP. Because once you become a non-resident, you only have to pay a 25% tax to cash out your RRSP.
3) If you trade stock or mutual fund a lot, don't buy RRSP, as capital gain will be taxed 100% inside RRSP, while only 50% outside.
to add things on top,
you submitted income tax while you receive your paycheck, if you dont buy RRSP, the money will be given to government and say bye to your money.
Contribute to your RRSP is one of the way to get those tax deducted and you can have control over how you willing to use it!
Addition comments on above:
1) People always say payoff mortgage first, how much money can you put down to your mortgage ( in principle, otherwise there is no point of paying off mortgage )
you submitted income tax while you receive your paycheck, if you dont buy RRSP, the money will be given to government and say bye to your money.
Contribute to your RRSP is one of the way to get those tax deducted and you can have control over how you willing to use it!
Addition comments on above:
1) People always say payoff mortgage first, how much money can you put down to your mortgage ( in principle, otherwise there is no point of paying off mortgage )
Re: Re: Re: Re: Re: RRSP到底是不是必须买？？好不好？？
You can save for your retirement inside or outside of RRSP. The only difference between RRSP and non-RRSP is the timing of taxation.
Remember, with RRSP, you don't reduce your tax, you just delay it. But unfortunately you won't know now the following:
1)Whether your income will be higher now or in the future.
2)Whether Canadian tax will be higher now or in the future.
So you can only base your decision on what you know now, like how much you make in 2004.
Do a google search on OAS and CPP, those are goverment plan for seniors.
You can save for your retirement inside or outside of RRSP. The only difference between RRSP and non-RRSP is the timing of taxation.
Remember, with RRSP, you don't reduce your tax, you just delay it. But unfortunately you won't know now the following:
1)Whether your income will be higher now or in the future.
2)Whether Canadian tax will be higher now or in the future.
So you can only base your decision on what you know now, like how much you make in 2004.
Do a google search on OAS and CPP, those are goverment plan for seniors.
