Hard up? Ottawa unlocks RRSPs

Jump to Page:
< Previous [ 1 ] Next >

ecom
Member since: Jun 07

Posts: 115
Location:
Post ID: #PID

Posted on: 09-05-08 07:55:54

Dear CDs,

I think it's good to know about this new policy change for RRSP. The federal government says it will allow Canadians who are facing hardships to withdraw up to $22,450 a year from their locked-in Registered Retirement Savings Plans.

http://www.thestar.com/News/Canada/article/423058

Ecom

morning_rain
Member since: Feb 05

Posts: 1920
Location: British Columbia
Post ID: #PID

Posted on: 14-05-08 08:39:36

Is that a good idea in the long run? Will they deplete all their savings year after year and then have nothing to retire on?

-----------------------------------------------------------------
~ Morning rain

Pink Panther
Member since: Feb 06

Posts: 533
Location: Private location
Post ID: #PID

Posted on: 14-05-08 09:45:48

I guess it's a good idea if you're in real dire straits but the temptation is there to just dip into your savings whenever you feel like it. You'd have to be quite
disciplined.

-----------------------------------------------------------------
Bijou Bazaar
http://bijoubazaar22.googlepages.com

Jump to Page: < Previous [ 1 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: Hard up? Ottawa unlocks RRSPs
	Topic	Forum	Views	Replies
	Discussion on article: REGISTERED RETIREMENT SAVINGS PLAN – A COMPREHENSIVE STUD	Articles	2876	1
	Managing Your Money - Reading, Writing and RRSPs - 3 'R's' of essential financia Reading, Writing and RRSPs - 3 'R's' of essential financial learning for kids	Financial Planning	1972	0
	Feds to create new Service Canada in Wednesday's budget	Jobs	1622	0
	RRSP and Withdrawal	Financial Planning	1968	2
	Nine ways to save on taxes using RRSPs ( 1 2 3 )	Financial Planning	5994	19
	Can I withdraw the RRSP amount? ( 1 2 )	Financial Planning	4118	8
	Sticky: RRSP 101 (All RSP questions answered) ( 1 2 3 ... Last ) Tax benefits for Canadian Residents	Financial Planning	129944	121
	Deciding how much to Carry forward unused RRSP Contribution	Accounting and Taxation	1441	3
	New budget	Financial Planning	2251	3
	RESP 2007	Registered Education Saving Plan	3587	4
	Spousal RRSP Query	Life	2272	5
	Saving for your child's education could soon earn you a big tax break	Registered Education Saving Plan	3794	2
	Hard up? Ottawa unlocks RRSPs	Accounting and Taxation	1990	2
	RRSP withdraw without physical presence ( 1 2 )	Financial Planning	5135	10
	Spousal RRSP withdrawal under HBP	Accounting and Taxation	1794	2
	Federal jobs are now open to anyone	Jobs	1858	0
	RRSP question ( 1 2 3 )	Financial Planning	4623	17
	Should i contribute to my or my wife's RRSP (long term planning)	Accounting and Taxation	1746	4
	RRSP / HBP	Accounting and Taxation	1231	3
	Spouse RRSP ( 1 2 )	Financial Planning	5435	13
	What to do with RRSP? Need advice ( 1 2 3 ... Last )	Financial Planning	19163	44
	Spousal RRSP and HBP	Accounting and Taxation	1905	3
	Canadian politicians are very smart &sly	Life	1140	2
	Retirement age to be raised.	Health and Wellness	1266	2
	WHAT IS RESP - REGISTERED EDUCATION SAVINGS PLAN ( 1 2 )	Financial Planning	6345	12

Charcha

Hard up? Ottawa unlocks RRSPs

Discussions similar to: Hard up? Ottawa unlocks RRSPs