Mortgage or RRSP?

What to do: pay down your mortgage or contribute to your RRSP or TFSA? The question arises for good reason. Contributing to your RRSP, or to your TFSA, or paying down a mortgage on your primary residence are all good choices:

  • RRSP contributions go a long way to ensuring you’ll be better off financially during retirement
  • paying down your mortgage limits the interest you pay in after-tax dollars
  • TFSA contributions give you financial resources for short or long term goals, without tax on your withdrawals

Our handy checklist can help you choose a priority, to get you on your way.

To speak with one of our investment professionals for help planning what’s best for you contact us at 604-709-5955, visit your local branch or find an investment professional in your neighborhood.