以前在一个英文论坛上看到的标准答案：
Max out your RRSP first, then use the tax refund to pay off your mortgage.
个人认为这个答案对中高收入人士更合适些。10KRRSP拿回$2000的退税的话，年收入似乎还不到5W，RRSP的效率不高呵。
以前在一个英文论坛上看到的标准答案：
Max out your RRSP first, then use the tax refund to pay off your mortgage.
个人认为这个答案对中高收入人士更合适些。10KRRSP拿回$2000的退税的话，年收入似乎还不到5W，RRSP的效率不高呵。
以前在一个英文论坛上看到的标准答案：
Max out your RRSP first, then use the tax refund to pay off your mortgage.
个人认为这个答案对中高收入人士更合适些。10KRRSP拿回$2000的退税的话，年收入似乎还不到5W，RRSP的效率不高呵。
以前在一个英文论坛上看到的标准答案：
Max out your RRSP first, then use the tax refund to pay off your mortgage.
个人认为这个答案对中高收入人士更合适些。10KRRSP拿回$2000的退税的话，年收入似乎还不到5W，RRSP的效率不高呵。
buy rrsp get tax return
if you don't have anywhere to invest the return,
apply it towards your mtg.
if the mtg rate is low, put the $ in mutual fund/stocks
see funds.rbcgam.com/pdf/c...f448_c.pdf
rate of return 7.4% --- this is about opportunity cost, why pay off 2.xx mtg
用18年的term来举例，18年里可以少付大约$5000利息。
don't use 18yrs amortization to assess the situation. --- you are assuming you will be living in this property until it is fully paid, like, 18yrs. the fact is --- most people buy a bigger house and take on a larger mtg.
Are you better off to pay down your mortgage, or contribute to an RRSP?
Which option is better for a person with a 30% marginal tax rate:
Pay $1,187 per month in mortgage payments to pay off a $100,000 mortgage in 10 years, then continue to pay $1,187 per month into your RRSP for 15 years, and also invest the tax savings in your RRSP, or;
Pay only the required $739 per month on your mortgage, and pay it off over 25 years, and invest the difference of $448 ($1,187 less $739) plus tax savings in an RRSP.
You are better to pay off your mortgage first if your mortgage interest rate is equal to or higher than the rate of return on your RRSP. However, if the rate of return on your RRSP is consistently higher than the mortgage interest rate (can you guarantee this?), you would have more money by paying the lower amount on your mortgage, and investing the difference in an RRSP.
If you pay down the mortgage faster, you have a guaranteed savings. If you have or plan to have children, you should try to ensure that the mortgage on your home will be paid off before your children enter university. This will free up funds for their education.
In order to get a better rate of return in your RRSP than the interest rate you are paying on your mortgage, you would have to take on riskier investments, which will not have a guaranteed rate of return. We believe you can make a return of 9% per year on your RRSPs. See our Save and Invest page for the strategy to achieve this. See also our RRSP vs Mortgage Calculator.
See also: What is better - TFSA or RRSP?
Tax tip: Pay down all non-tax-deductible debt with over 8% interest, then see our Save and Invest page.
buy rrsp get tax return
if you don't have anywhere to invest the return,
apply it towards your mtg.
if the mtg rate is low, put the $ in mutual fund/stocks
see funds.rbcgam.com/pdf/c...f448_c.pdf
rate of return 7.4% --- this is about opportunity cost, why pay off 2.xx mtg
用18年的term来举例，18年里可以少付大约$5000利息。
don't use 18yrs amortization to assess the situation. --- you are assuming you will be living in this property until it is fully paid, like, 18yrs. the fact is --- most people buy a bigger house and take on a larger mtg.
Pay Off Your Mortgage Or Invest - What Would Warren Buffett Say?
By Neil Venketramen
Article Word Count: 675
[View Summary] Comments (0)
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According to Warren Buffett legendary investor of all time, when the tide goes out you will find out who's naked. Being in debt can only last so long. And if your home values fall or there is a stock market collapse you will quickly know if you are in a position to afford your home. If the greatest investor of all time can tell us to be debt free and invest in what we know, maybe we should take some lessons from him.
Depending on whom you ask you may get a conflicting view on what you should do with your money. Your financial advisor will still tell you to invest your money in the stock market even though the market has crashed in the last year. Why do they do that? Because it's all they know. You see they went to school for over four years, got significant experience in investing, at have to prove to themselves and the world that they know more than the average investor.
Well the stock market crash is changed all of that. You can no longer rely on your financial advisor to make specific financial decisions for you. You are ultimately responsible for your own investments and savings.
Now why would anyone consider that you should invest other than paying off your mortgage? Some reasons include getting a higher rate of return on your money, tax advantages and a whole lot off investment jargon to justify investing every single penny and not diversifying yourself by paying off debts as well.
Most people including your financial advisors gets confused about the concept of risk. Investment in the stock market has risk. In a classic example of this, is to look directly at your 401(k) retirement savings statement. If your retirement savings have been slashed by 40% since a year ago that means that investments carries risk.
But by all means you should always contribute to a 401 K and retirement savings account. It is the only way to accumulate the liquid cash for retirement.
But the stock market crash is taught us one lesson that we should be always diversified in our investment strategy. Paying off your mortgage carries no risk whatsoever. Once the mortgage is fully paid off, it does not matter what the market does, you have no more debt. Paying off your mortgage is at debt-free investment in yourself.
These are two sides to on deciding whether to invest or pay off your mortgage. One is a theoretical discussion about investing your money and getting a greater return on the stock market. This includes all the financial principles and methods to accumulate sufficient wealth in retirement.
Another side to investing a paying off your mortgage is what I refer to as the emotional side. Your home is not only an investment. It is it is a place of shelter and dreams for you and your family. Your emotional standard of living is invested in a home. If you lose your home means losing more than a financial asset.
If your home is such an emotional investment wouldn't it make sense to protect the one thing it represents more than a financial investment. Why would you not pay off your home have peace of mind and live a debt free lifestyle? And the best part is you have to take absolutely no risk to protect your family's future.
Paying off your home might mean losing tax deductions or not taking advantage of the increase in the stock market appreciation. Tax deductions are a poor argument for not paying your home off early. For every four dollars of interest to pay you may only get one dollar back in tax deduction. So why not keep the four dollars for yourself in the first place but paying off your mortgage faster.
The decision to pay off your mortgage or invest is a personal one. But the same time paying off your mortgage is a risk-free financial investment. As Warren Buffett says I invest in only what I understand.
To find how fast you can eliminate your debt or determine if you need to Pay Off Your Mortgage Or Invest , please go directly to into the free mortgage pay off calculator and within 4 seconds you will find out exactly if you can payoff your mortgage or invest simultaneously by using easy mortgage payoff strategies.
Plus we will give you a valuable guide to help you implement this program so that you can be on your way to being debt free today.
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还Mortgage：用18年的term来举例，18年里可以少付大约$5000利息。
想不太清楚。欢迎大家来讨论。
以前在一个英文论坛上看到的标准答案：
Max out your RRSP first, then use the tax refund to pay off your mortgage.
个人认为这个答案对中高收入人士更合适些。10KRRSP拿回$2000的退税的话，年收入似乎还不到5W，RRSP的效率不高呵。
我记得收入36k-60k,税率大概是23%。 对吗？
查了一下，BC省35859以下的年收入边际税率才会低到20.06%。
4W到7.5W之间是29.7%
具体看链接http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html