Tax Tip – Interest on Borrowed Money
Interest on money borrowed to make your RRSP contribution is not deductible for tax purposes.
Interest on money borrowed to make your RRSP contribution is not deductible for tax purposes.
You may transfer RRSP fund from one RRSP to another without getting taxes.
Did you know… RRSP gives you tax deferral which is great but once you make a contribution to your RRSP, you no longer have the money available to reinvest to your business.
Tax Tip – Interest on the money you borrow in many cases is not deductible.
If you are thinking of contributing to a spousal RRSP, there is definitely an advantage.
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