All Questions
2
questions
3
votes
2
answers
344
views
Mathematics behind deciding to do a lump sum mortgage payment vs. RRSP contribution?
If I have 10,000 extra dollars, how could I decide between doing either:
A lump sum mortgage prepayment (2.1% variable closed interest rate, 250k remaining balance), or,
An RRSP contribution (...
- 16k
-2
votes
2
answers
880
views
Why are mortgage interest and taxes considered tax deductible?
I have trouble understanding the rationale behind why certain things are tax deductible while other things are not. For example, I understand that RRSP contributions are tax deductible because I am ...
- 16k