This was immensely helpful! You provide so much useful information in a short amount of time. It's a humble request to keep uploading more videos on financial literacy. You explain things in a very easy manner.
All about TFSA > ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4K8zoAPHpPk.html Benefits of RRSP > ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Yruwt_NaTPs.html
Hi Sandy, if utilizing HBP and withdrawing from rrsp. Does it mean I can also withdraw from employer's and employee group plan too or only from individual rrsp contribution that I made as lump sum? Kindly elaborate with example if possible. Thanks
The contribution to RRSP is Tax excepted, so if you contribute 400 CAD, you dont have to pay tax for 400 CAD you earned in that financial Year. when you withdraw you might be reitired and will be lower tax bracket. All about TFSA > ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4K8zoAPHpPk.html Benefits of RRSP > ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Yruwt_NaTPs.html we can make partial withdrawal for first time home buyer from RRSP and that need to be payed back.