It’s that time of the year again: RRSP season. Recently, it’s also become TFSA season, too.
Canadians throughout the country scour their finances every February for ways to save taxes, manage cash flow, and benefit from good debt.
Interest rates are still very low, so borrowing money to build long-term wealth could be a smart decision. For example, you can take some of the equity in your home to make a contribution to your registered retirement savings plan or your tax-free savings account. You could also use it to consolidate high-interest consumer debt into a low-interest financing option.
Mortgage Design Group has access to the entire Canadian mortgage market. We can walk you through the many options and opportunities available for you to improve your financial situation. Contact us today.
It’s that time of year again!
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