I just read from this post that it is more advantageous to put new capital into a non-registered account, than it is to put it into a registered account (ie. my RRSP).
I've always suspected that new investment money should go into a non-registered account, but I have been brainwashed by the mutual fund propaganda and big bank propaganda to make RRSP investing a priority.
Unfortunately, much of my retirement money is inside RRSP's. Still, it is good to know this hidden and obscure fact that the banks will never tell you about - they want you to throw everything into an RRSP, so that they can sell you more of their mutual funds. I think this will help to provide some structure and direction for my retirement investments.
Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts
Sunday, January 21, 2007
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