Hi,
Will appreciate if you can give me information on below questions.
Q1. Does employer contribute in RRSP account. ?
Q2. Can i transfer money from my 401K plan to RRSP in canada. ?
Q3. What are the investment tools available in RRSP (e.g. stocks, mutual funds, bonds etc) ?
Q4. What's the age limit when you can start withdrawing money from RRSP and whats the tax implications.
Q5. Can we take loans against our RRSP plan. ? If yes whats the maximum limit in % ?
How many CD's contribute or feel if its a good investment tool. ?
Location: Western Hemisphere
Posted on: 15-04-07 09:15:38
Q1. Does employer contribute in RRSP account. ?
>>>>>>>> Depends on the employer. Quite a few do.
Q2. Can i transfer money from my 401K plan to RRSP in canada. ?
>>>>>>>> No. That is, you could withdraw and deposit back. But that's not a rollover. You will incur taxes and penalties. There are no rollover options as far as I know.
Q3. What are the investment tools available in RRSP (e.g. stocks, mutual funds, bonds etc) ?
>>>>>>> All of the above.
How many CD's contribute or feel if its a good investment tool. ?
>>>>> It's a good tool since you save money as well as use the contributions towards deductions to reduce your taxable income (if necessary). If you don't deduct, you can use the amount for deduction in the future years.
Lots of info is available on the internet.
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Dimple2001
