Alpine Credits' Blog

Seeking shelter from the taxman? It’s not too late to contribute funds to your RRSP. The deadline is March 1st of this year.

Don’t have the funds to invest your maximum contribution? Borrowing isn’t a bad idea. Experts claim that it is much easier to make a loan payment than it is to put savings aside for your yearly contribution. Once you receive your tax return, you can put a portion or all of the money towards your loan. When the loan has been paid, you still have the money in your RRSP account that you can take out when you retire.

Win win!

Still not contributing to an RRSP? Think the government pension plan will cover you in your old age? Think again.

Canadians are retiring on average at 55. That would mean you would have to wait ten years before collecting your Old Age Security. We are also living longer. Your retirement could last you thirty years. Saving as much as you can now is not only wise, it may be the difference between a boarding house and a small condo when your seventy years old.

Put as much into your RRSP as you can! Alpine Credits will lend you the money when you can’t seem to save it. Take the loan and buy in. Your future self will thank you.