AlexH

There is some excellent discussion on RRSPs happening at the Red Flag Deals forum right now.  I highly recommend checking it out, especially if you are within 20 years of retiring, or if you are puzzling over whether to pay down your mortgage, invest in a non-registered account, or put your money into your RRSP account.

Personally, right now it makes sense for me to pay into my RRSPs for 3 reasons: my company matches my RRSP contributions, effectively making my ROR 100% immediately, I am more than 20 years away from retirement, and I still need to pay back my Home Buyer’s Plan withdrawl.

If the government changes their income splitting rules so that I can share my income with Tracy when she is no longer working, I will have to rethink my savings plan.