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標題: 有幾多人買RRSP？ [打印本頁]

作者: B仔 時間: 2009-2-19 09:20 標題: 有幾多人買RRSP？

大家點睇？

作者: Littleprince 時間: 2009-2-19 09:53

有收入就應該開始買﹐越早開始越好﹐負擔唔起買少少都要買﹐或者借 LOAN 都化算﹐條數計唔掂就入銀行找人幫你計﹐因為他們有專業軟件﹐可以好清楚看得見你可以省的稅與及你的 RSP 長線增長。

又或者自己上網找一些軟件幫助你計。

作者: Littleprince 時間: 2009-2-19 10:54

當然﹐唔使交稅那些人梗係唔使買喇

例如讀緊書無收入﹐或者領緊救濟金或老人津貼。

作者: Catpiano 時間: 2009-2-19 11:08

No choice la..

作者: 小叻 時間: 2009-2-19 12:21

點解要買? 買左會好D? 如果每年要俾大約2600蚊既稅﹐要買幾多RRSP先唔晒俾稅?

作者: Littleprince 時間: 2009-2-19 13:10

原帖由小叻於 2009-2-19 13:21 發表
點解要買? 買左會好D? 如果每年要俾大約2600蚊既稅﹐要買幾多RRSP先唔晒俾稅?

買左可以省稅﹐同埋你放在裡面的投資可以唔使比稅住﹐退休取錢用先至比稅。。。
你的資料唔夠詳盡﹐因為你比 $2600 稅﹐我地看不出你收入多少﹐有無 PENSION ADJUSTMENT﹐有咩 DEDUCTION﹐所以答唔到你。。。
最好找個時間同 ACCOUNTANT 或者入銀行問問人﹐要帶埋 NOA 窩。。。
今年係咪第一年做野﹖如果係﹐你就無 ROOM﹐今年開始買明年扣稅喇。。。

作者: B仔 時間: 2009-2-19 13:35

話時話，你地點睇 RRSP VS TAX FREE SAVINGS 呢？

作者: 布小熊 時間: 2009-2-19 13:54

well, you won't get a tax refund for tax free savings. but you do with RRSP. for both the income earn will not be taxable.

作者: myversa 時間: 2009-2-19 13:59

and you can withdraw money anytime you want without penalty for tax free savings.

作者: B仔 時間: 2009-2-19 14:05

原帖由 myversa 於 2009-2-19 14:59 發表
and you can withdraw money anytime you want without penalty for tax free savings.

嚟樣我鍾意。同埋，你拿了出來，之後可以擺返入去唔AFFECT你個LIMIT。。。

作者: 布小熊 時間: 2009-2-19 14:08

but once you withdraw, you will have to pay tax on the earnings from the amount. and according to my account manager, you cannot do multiple withdraw and deposit within a year (can some1 confirm on this).

[ 本帖最後由布小熊於 2009-2-19 14:09 編輯 ]

作者: fibbi 時間: 2009-2-19 15:00

I would prefer to put in RRSP first, because of the tax return. Then use the tax return to put in the tax saving account.
RRSP is not as flexible (not supposed to withdraw until retire) but at the same time, it "controls" that you don't spend your $ before you retire... which is the purpose of the RRSP.

作者: Littleprince 時間: 2009-2-19 15:27

自己肉眼所估量(真的見唔少﹐大大話話一萬幾千個)﹐唔計移民 (因為移民通常有錢帶過黎﹐難民就唔好講)﹐那些加拿大人﹐若非有龐大遺產承繼﹐否則年老時若無 RRSP 等於無晒錢﹐只靠政府那筆﹐只夠過清貧生活。。。當然有D人好鐘意清貧生活﹐我只係想指出﹐以一般人的收入和支出﹐加上加拿大的高稅率﹐若你唔想年老望天打掛﹐買D RSP 點都有著數﹐橫掂D錢都係屬於你自己的﹐未退休前要用咪拿出來囉﹐又唔使死﹐最多咪比稅之馬。。。所以唔明點解有D死硬派系死都唔會買﹐我猜只係因為唔了解。。。

作者: 布小熊 時間: 2009-2-19 15:29

原帖由 fibbi 於 2009-2-19 03:00 PM 發表
I would prefer to put in RRSP first, because of the tax return. Then use the tax return to put in the tax saving account.
RRSP is not as flexible (not supposed to withdraw until retire) but at the sa ...

that's a good strategy.

作者: chrichri 時間: 2009-2-19 15:35

RRSP VS TFSA

RRSP- : save on income tax if you are working.
tax shelter for investment in rrsp
mostly use for retirement planning, first time home buyers plan (hbp) and lifetime learning (LLP)

When you withdraw money for any other purpose, you pay tax penalty.

TFSA: interest or earning in the account is tax free, but doesn't help you to reduce income tax.
no service charge.... you can withdraw it anytime without tax penalty.
MORE for regular savings....
max 5000.00 contribution limit for per year.
any unused contribution can be carried forward to next year.
withdrawal amount can be also carried forward to next year.

i recommend both.

作者: chrichri 時間: 2009-2-19 15:41

原帖由 fibbi 於 2009-2-19 16:00 發表
I would prefer to put in RRSP first, because of the tax return. Then use the tax return to put in the tax saving account.
RRSP is not as flexible (not supposed to withdraw until retire) but at the sa ...

i agree... but i would say it is better to open both rrsp and tfsa...

a lot of people don't want to buy rrsp because they don't want to come up with a large lumpsum during the tax period to purchase rrsp. i always recommend people to put away 100.00 for a monthly contribution in rrsp and tfsa or split 50 and 50... and use the tax refund to put it in tfsa.

tfsa is similar to regular savings account. the only difference is you can only contribute 5000 per year. no service charges for withdrawal. withdrawal amount can only re-contribute in the account until next year once you reach 5000 contribution limit.

作者: tripixel 時間: 2009-2-19 16:16

原帖由小叻於 2009-2-19 13:21 發表
點解要買? 買左會好D? 如果每年要俾大約2600蚊既稅﹐要買幾多RRSP先唔晒俾稅?

APPOX. I am saying appox. For every dollar you invest into rrsp, you will have to pay less/ get back 25%~30% from the government. So, for $2600, then you will have to buy appox $10000 rrsp. consider there is nothing else for you to claim.

try this simple web site, http://www.morningstar.ca/globalhome/Tools/RRSPCalculator.aspx
or if you really weant to spend some time, you can go to this web site http://www.taxtips.ca/calculators/taxcalculator.htm

but like littleprince said, if your income tax is more then a T-4, then i will pay someone to get it done.

作者: 小叻 時間: 2009-2-19 17:14

完全唔明 ><

我都俾左兩年稅啦~ 之前有人同我講唔好買RRSP所以無買過~ 我數口麻麻~ 但要大拿拿羅$10000出黎買RRSP又好似貴左D wor~
稅先至係2600之麻 ??

作者: fibbi 時間: 2009-2-19 17:36

原帖由小叻於 2009-2-19 18:14 發表
完全唔明 >< 我都俾左兩年稅啦~ 之前有人同我講唔好買RRSP所以無買過~ 我數口麻麻~ 但要大拿拿羅$10000出黎買RRSP又好似貴左D wor~
稅先至係2600之麻 ??

If you don't buy RRSP, what would you do with those $? Spend it? Or save it some where?
If spend it, it is NOT GOOD because you have less saving when you retire.
If you decide to save it, unless you want to withdraw it at some time, then why don't you save it in RRSP where you get "some $" back (from government as a form of tax return), and also the earning inside RRSP is tax free?
Of course, if your $ needs to be used at a later time, then you will consider other investment strategy lor...
But I would say at a young age, good to start RRSP, doens't matter how much you buy, the $ you buy is still your saving.

作者: chrichri 時間: 2009-2-19 17:42

原帖由小叻於 2009-2-19 18:14 發表
完全唔明 >< 我都俾左兩年稅啦~ 之前有人同我講唔好買RRSP所以無買過~ 我數口麻麻~ 但要大拿拿羅$10000出黎買RRSP又好似貴左D wor~
稅先至係2600之麻 ??

If your income tax is only 2600, i don't think you need to purchase 10000.00 in rrsp. If you have T4 now, you can use quicktax or ufile to calculate how much you rrsp you need to purchase in order to save on taxes..
With quicktax or ufile, it will tell you how much you need to purchase in order to get a tax refund. BOth software don't charge a penalty until you actually e-file your tax return

www.quicktax.ca or www.ufile.ca

作者: Littleprince 時間: 2009-2-19 17:53

小叻﹕
你的意思是你還要比 $2600 稅??

唔係全年只給 $2600 稅﹖﹖ 甘即係話﹐如果你買 RSP﹐你分分鐘唔使比兼有退稅拿窩。。。因為你份人工已經早就扣左入息稅﹐若還要比稅﹐你稅的總數就好多呢。。。
你拿出去年的 NOA 看看你 RSP ROOM 有幾多喇﹐快D趁 3月 2日前去買﹐始終 RSP 買左係你自己的錢﹐而稅﹐比左政府﹐就無左了﹐你自己想想。。。

作者: 小叻 時間: 2009-2-19 18:10

原帖由 Littleprince 於 19-2-2009 17:53 發表
小叻﹕
你的意思是你還要比 $2600 稅?? 唔係全年只給 $2600 稅﹖﹖ 甘即係話﹐如果你買 RSP﹐你分分鐘唔使比兼有退稅拿窩。。。因為你份人工已經早就扣左入息稅﹐若還要比稅﹐你稅的總數就好多呢。。。
你拿出去年的 NOA 看看你 ...

即係我除左每個月扣稅之外﹐到每年4月報稅時要我嘔出2600俾政府呀~ 我上網睇下要買幾多RRSP先~~

作者: 小叻 時間: 2009-2-19 18:17

上網查左~ 如我比$2000 落RRSP﹐ tax saving = $650﹐ 係咪即是今年要俾既稅 ex. 2600 減 650 = $1950 呀?

作者: chrichri 時間: 2009-2-19 18:33

原帖由小叻於 2009-2-19 19:17 發表
上網查左~ 如我比$2000 落RRSP﹐ tax saving = $650﹐ 係咪即是今年要俾既稅 ex. 2600 減 650 = $1950 呀?

the software will tell you if it is tax owing or tax refund

if your income tax is 2600 shown on your t4, i think you will get a tax refund by purchasing rrsp.

作者: Littleprince 時間: 2009-2-19 19:10

原帖由小叻於 2009-2-19 19:17 發表
上網查左~ 如我比$2000 落RRSP﹐ tax saving = $650﹐ 係咪即是今年要俾既稅 ex. 2600 減 650 = $1950 呀?

正確做法係拿你的 NOTICE OF ASSESSMENT 出黎﹐看看你 RSP ROOM 有幾多﹐買盡它﹐你有可能唔使比兼有稅拿的。。。因為你做左兩年野﹐無買過。。。
我當你前年入息 $30,000﹐即係你去年可以買 $4800 (18%)﹐若今年還是 $30﹐000 年薪﹐你就可以省 $1﹐079﹐意思係話﹐你本來比 $2600﹐而家只係比 $2﹐600 - $1﹐079 = $1﹐521
但若你2008年收入是 $40﹐000﹐你就可以省 $1﹐237﹐即是 $2﹐600 - $1﹐237 = 要比 $1﹐363
http://www.ey.com/GLOBAL/content ... -_2008_RRSP_Savings

你馬上就可以比少這麼多稅﹐何樂而不為﹖好過現兜兜要比加拿大政府 $2600 窩﹐想想﹐你 2008 年已經比左好多稅了(你的收入是已減去稅)。。。何況這 $4800 rsp 放在銀行是你自己的錢﹐還可以得到一些回報 (看你選甚麼投資)若你真的打算明年讀書﹐甚至唔做野只休閒在家﹐你還是可以取出來用的 (讀書更有額外的好處﹐這是題外話了)。。。我自己的想法是﹐總之省得到稅就是好喇。。。

當然上面只係一個舉例﹐因為加拿大收入越高稅率係越高的﹐若果你收入比我說的例子高﹐你省到的稅當然更多喇。。。

或說﹐你現在無錢點呢﹖你可以借 loan﹐許多銀行的 loan 係可以延遲還款的﹐例如 VANCITY 同 RBC 都得。。。你可以收到退稅才還 loan﹐就不用付很多利息﹐兼唔使擔心還款的問題﹐詳細我還是建議你找會計師或銀行幫你算一算清楚﹐因為人人情況不同﹐不可以一概而論的。。。只是我聽見你還要交稅﹐你買 RSP 是應該可以 BENEFIT 到。。。

若果你收入很低﹐可以考慮等高收入時才買﹐因為 D ROOM 係可以儲的。

作者: 小叻 時間: 2009-2-19 19:28

邊間bank好呀? 我走去問下~ 我係自己報稅既所以無會計師~ 同埋我今年要結婚怕唔夠Cash flow~

作者: tofu 時間: 2009-2-19 19:42

tips for rrsp
if you have spare money, you should contribute up to your limit.  remember, you don't need to use all your contribution in the same year, just use the amount which will max your benefit.  but since the fund is in rrsp already, all the growth is tax deferred.

also those people who is in the 2nd+  tax basket should contribute rrsp, at least put in the amount that can help you to reduce to the lower tax basket

if you are in the lowest tax basket, have kid and/or have a mortgage, you can ask your banker to compare the benefit of contribute rrsp , contribute resp and make a lump sum payment.

if you believe your income will significant increase in the near future, you should leave your room for the future.  since you will save more with higher income.

if you think you will benefit from the home buyer plan and life-long learning plan, you should contribute to rrsp as well

rrsp loan usually offered as lower interest rate, so you can get a rrsp loan for rrsp contribution, then use the tax refund or the cash prepared for rrsp contribution to repay other debts.
be careful some banks promote no interest and no payment within certain days, but some banks are just no payment for certain day(the interest is still accumulated)

作者: Littleprince 時間: 2009-2-19 19:54

原帖由小叻於 2009-2-19 20:28 發表
邊間bank好呀? 我走去問下~ 我係自己報稅既所以無會計師~ 同埋我今年要結婚怕唔夠Cash flow~

if you have cash flow problem, better wait until next year or so...

作者: Littleprince 時間: 2009-2-21 17:40

最後一個禮拜了﹐大家若是未買﹐勸籲大家趁有空計計條數﹐呢個禮拜把它搞掂。。。我正打算這樣做

3 月 2 號截止。

作者: 快樂牛郎 時間: 2009-2-21 20:47

It's not always a good idea to make RRSP contributions.
I never had the time to build a Markov chain model to test different scenarios. Has anyone done one or seen one?

作者: Littleprince 時間: 2009-2-21 21:01

Markov chain 似乎係計 PROBABILITY 多D 窩﹐ correct me if I'm wrong... 普通 ARIMA MODEL 唔得咩﹖

作者: 快樂牛郎 時間: 2009-2-21 21:17

原帖由 Littleprince 於 2009/2/21 21:01 發表
Markov chain 似乎係計 PROBABILITY 多D 窩﹐ correct me if I'm wrong... 普通 ARIMA MODEL 唔得咩﹖

To me, it's all about probabilities. Future tax rates, future employment income, OAS clawbacks, investment performance, inflation, and many other variables.

I don't invest in things like RRSP myself. I am skeptical about the scheme and it's obvious that Federal funding is not sustainable. I will not be surprised if OAS clawbacks will begin at a much lower amount in the future. Another reason is that I expect my income to escalate in the next several years. So I will wait until my income gets beyond the next bracket.

作者: ACC-HE 時間: 2009-2-21 21:47

I thought there is a site that can tell the upper limit of RRSP one can buy...

anyone knows where is it?

作者: 快樂牛郎 時間: 2009-2-21 22:27

原帖由 ACC-HE 於 2009/2/21 21:47 發表
I thought there is a site that can tell the upper limit of RRSP one can buy...

anyone knows where is it?

CRA

作者: 快樂牛郎 時間: 2009-2-21 22:29

對我來講
買RRSP既師奶同買雷曼迷債既師奶係一樣

唔知幾十年後會唔會有D RRSP風暴
搞到D師奶好夢成空

作者: 快樂牛郎 時間: 2009-2-21 22:46

頭先手痕隨便計下一個簡化既scenario

ROI: 4.5% per year
Salary: 50,000 at age 25, 8% increase per year from age 25 to 35, 4% per year afterwards (this is reasonable after promotion and bonus is considered)

annual contribution to RRSP (9% or 10,000)
This is only 50% of the maximum you can contribute

當你25歲第一年買
去到65歲RRSP已經累積到121萬
而家平均壽命係80-85
所以你得15-20年withdraw
一年要拎起碼90000-110000出黎
就算到時tax rate同而家一樣
你最後都要倒貼
更加未計埋OAS clawback

作者: chrichri 時間: 2009-2-21 23:08

原帖由 快樂牛郎 於 2009-2-21 23:46 發表
頭先手痕隨便計下一個簡化既scenario

ROI: 4.5% per year
Salary: 50,000 at age 25, 8% increase per year from age 25 to 35, 4% per year afterwards (this is reasonable after promotion and bonus is consid ...

well... if you don't buy rrsp, you are paying the gov't, not urself. If you buy, you can have tax savings/refund and the savings is yours. Within RRSP, you can choose from wide range of products, savings acct, stock, term deposit(GIC) and mutual funds. I don't see any comparison btw RRSP and Lehman Brothers. Within GIC or savings acct, money is guaranteed up to 100000 through CDIC with most Financial institution. Plus investment/ interest in rrsp is tax shelter. When you have rrsp, once you turn 71, it will change to RRIF. At that time, you have to withdrawal minimum required amount every year, but it is still better than just relying on CPP or OAS. Even though you have other non-registered investment, you basically get a T5 at the end of the year to report it as your taxable earning.

Some people talk about inflation rate or whatever, but i just don't see any harms doing rrsp if you are earning middle to high income.

作者: 毅字 時間: 2009-2-21 23:17

提示: 作者被禁止或刪除內容自動屏蔽

作者: chrichri 時間: 2009-2-21 23:18

with rrsp, maximum amount you can contribute to an RRSP is 18% of last year's income or your limit on your NOA(notice of assessment), but for starter, you can contribute as little as $25 or set up a monthly contribution amount as much as you want.

i think getting a tax refund/tax savings is better than having to pay tax after you file tax. well, i know people may not want to think about retirement that early, but if you haven't purchased a home yet or will consider buying your 1st one, i would say it is good investment and savings for you.
your tax refund plus investment in rrsp is tax shelter will help you when you need to use it to buy your 1st home. Hope the information is helpful.

Deadline is coming on Mar 2.09-- i will consume a lot of people will be rushing in to banks at the last min

作者: B仔 時間: 2009-2-22 00:14

原帖由 快樂牛郎 於 2009-2-21 23:29 發表
對我來講
買RRSP既師奶同買雷曼迷債既師奶係一樣

唔知幾十年後會唔會有D RRSP風暴
搞到D師奶好夢成空

我都係驚嚟樣。
其實我冇買，FILE 完唔洗交稅，仲有成2k執。。。。所以我仲諗緊買唔買。

作者: Littleprince 時間: 2009-2-22 13:00

原帖由 B仔於 2009-2-22 01:14 發表

我都係驚嚟樣。
其實我冇買，FILE 完唔洗交稅，仲有成2k執。。。。所以我仲諗緊買唔買。

你唔使交稅兼有退稅拿﹐遲D先買喇。。。(是否因你有學費 CLAIM﹖)

學樓上說的﹐你無需擔心 RSP 海嘯﹐係無呢樣野既。。。原因係 RSP 係可以放 SAVINGS 或者定期﹐隨便你的﹐你可以選最安全的銀行﹐而且加拿大銀行有保險﹐安全過你放床下底。。。所以完全無甘既野會發生。。。

作者: 快樂牛郎 時間: 2009-2-22 16:06

原帖由 Littleprince 於 2009/2/22 13:00 發表

你唔使交稅兼有退稅拿﹐遲D先買喇。。。(是否因你有學費 CLAIM﹖)

學樓上說的﹐你無需擔心 RSP 海嘯﹐係無呢樣野既。。。原因係 RSP 係可以放 SAVINGS 或者定期﹐隨便你的﹐你可以選最安全的銀行﹐而且加拿大銀行有保險﹐安全過你 ...

Which bank do you work at?

作者: Littleprince 時間: 2009-2-22 16:59

我不是在銀行做的。

作者: 快樂牛郎 時間: 2009-2-22 17:38

原帖由 Littleprince 於 2009/2/22 16:59 發表
我不是在銀行做的。

不過你D口氣十足係幫銀行宣傳

作者: Littleprince 時間: 2009-2-22 22:23

原帖由 快樂牛郎 於 2009-2-22 18:38 發表

不過你D口氣十足係幫銀行宣傳

若是這樣我應該指明咩咩銀行咩咩分行﹐唔係點有生意做﹖

分分鐘益埋隔離銀行﹖

作者: peter236 時間: 2009-2-22 22:28

When do you buy the TDSA?

作者: Littleprince 時間: 2009-2-22 22:36

原帖由 peter236 於 2009-2-22 23:28 發表
When do you buy the TDSA?

do you mean TFSA?

作者: ricrick 時間: 2009-2-22 22:41

原帖由 peter236 於 2009-2-22 23:28 發表
When do you buy the TDSA?

TD=道明saving account?

作者: peter236 時間: 2009-2-22 22:43

原帖由 Littleprince 於 2009-2-22 23:36 發表

do you mean TFSA?

yeah, the TFSA.

作者: Littleprince 時間: 2009-2-23 00:11

週圍都有得賣喇

作者: Nam 時間: 2009-2-25 17:05

I purchased 5000 RRSP two years ago and switch it to locked GIC (1.5 yrs ).
And put another 5000 into Tax free saving account.

That RRSP that I purchased is for first time home buyer deal...

So I have another question, if I use that 5K to purchase my first home (within 1-2 yrs), do I have to put back 5K to avoid paying tax?

People told me that if I use the RRSP for first hoe purchase, I can be tax exempt.

作者: Littleprince 時間: 2009-2-25 18:27

原帖由 Nam 於 2009-2-25 18:05 發表
I purchased 5000 RRSP two years ago and switch it to locked GIC (1.5 yrs ).
And put another 5000 into Tax free saving account.

That RRSP that I purchased is for first time home buyer deal...

So I h ...

首先﹐你用來買屋唔應該 LOCK 住﹐如果你看中房子咪要解約﹖ 唔好續了﹐最好放 MONEY MARKET FUND﹐方便D﹐因為其實回報差不多﹐但靈活好多﹐而家好多銀行還有高息 RSP SAVINGS 戶口添﹐不用鎖死兼無風險﹐何樂而不為呢﹖

答你的問題﹕
1) 你那 TFSA 都可以拿來做首期﹐兼免稅﹐有錢可以放返入去。
2) 你那 RSP 可以免稅取出來做首期 (記得要填 CRA 那張 FORM﹐當然你要看清﹐確定自己合資格喇)
3) RSP 取出來做首期後﹐可以分 15 年還 (其實意思係供回﹐呢個“還”字非常誤導﹐根本是你自己錢而已﹐而且就算還唔起﹐譬如你丟了工作﹐都沒甚麼大不了﹐最多那年的 $1﹐333。33 當收入而已 <點解 $1﹐333。33﹖我係按照你用盡 $20﹐000 來計﹐分開 15 年> 但點解有好多人都情願早點供回﹖有個別情況係有著數﹐呢D要好長篇幅﹐有興趣先講吧。)
4) 用 RSP 作首期唔著數的地方是失了 LONG TERM GROWTH 的好處﹐因為時間就是金錢。。。但對好多人黎講﹐唔夠錢比首期呢個係一個最好的辦法囉。

Disclaimer: 本人並非在銀行工作或是註冊理財顧問﹐純粹因有高人在身旁而已﹐你去請教專業理財顧問好D﹐我只係純粹論壇吹水﹐大家有權唔信。。。只係在下知無不言﹐言無不盡﹐只此而已

點解﹖因為我響呢度問野都好多人答﹐有來有往之馬

作者: Nam 時間: 2009-2-25 18:33

Thanks Little Prince.

Well, initially, I didn't lock my RRSP. It was a high interest flexible RRSP account.
Then GIC was doing promotion, lock 1.5 years for 3.7% interest rate. I didn't expect the housing market will crash so soon. (I expected after 2010..) ..

So I won't able to cash this 5000 until mid 2010

Well, I learned from my lock GIC experiences so I only put my 5K in tax free saving account as normal saving ja. ... cuz' I might need these cash flow for wedding/house purchase within 2 years mah...

作者: peter236 時間: 2009-2-25 20:34

Are these Money Market Funds good? The GIC has only 3% interest rates and it is for 2 years, That means 1.5% per year. Is there anything that is safer and more flexible than GIC?

作者: Littleprince 時間: 2009-2-25 20:50

原帖由 peter236 於 2009-2-25 21:34 發表
Are these Money Market Funds good? The GIC has only 3% interest rates and it is for 2 years, That means 1.5% per year. Is there anything that is safer and more flexible than GIC?

無野安全過 GIC 窩。。。所謂 GIC 就是 Guaranteed Investment Certificate﹐即係話政府有 CDIC 保障到 $100﹐000 每個戶口﹐就算銀行關門你都拿得回錢﹐你話係咪安全﹖當然更靈活的就是普通儲蓄戶口喇﹐但利息可能只得 0。1% 窩。。。GIC 有平均 2% 都算啦﹐因為與普通儲蓄戶口對比還是很大的喔。。。

另外﹐你的利息計算方法是錯的﹐所謂 3% 就是每年年息 3%﹐唔係 3% 除兩年 = 1。5% 呀。。。

Money Market Funds 通常係投資響一籃子一D相對低風險的投資裡面﹐例如債券﹐它不能與其他有股票的基金相提並論因為性質不同。。。若與 GIC 比則回報差不多但更靈活。。。當然逢親基金都係有風險的﹐銀行倒閉你的錢就化水了﹐不像定期般有政府保險。。。

作者: peter236 時間: 2009-2-26 14:51

Are there any type of bonds that pay more than GIC?

作者: 快樂牛郎 時間: 2009-2-26 16:58

原帖由 peter236 於 2009/2/26 14:51 發表
Are there any type of bonds that pay more than GIC?

I recommend you to stick with your checking account.

作者: chrichri 時間: 2009-2-26 18:41

原帖由 Nam 於 2009-2-25 19:33 發表
Thanks Little Prince.

Well, initially, I didn't lock my RRSP. It was a high interest flexible RRSP account.
Then GIC was doing promotion, lock 1.5 years for 3.7% interest rate. I didn't expect the ...

most of FI's would allow you to cash non-redeemable RRSP GIC if you are participating in HBP (first time home buyer purchase plan) or LLP (Life Learning Plan) with interest paid up to your withdrawal date. I would suggest you check with your FI's.

And for HBP.. Yep. you have 15 yrs to repay for your rrsp after you withdraw the money. The limit is 25000 as of 2009 federal budget plan.
as far as i know, you don't have repay money in the 1st year, so it will be 16 yrs.
I would the interest rate for non-redeemable RRSP GIC is much higher and your 3.7 % is really good interest rate. i am sure you will not able to get the same interest rate right now at 3.7 for 1.5 yrs.

also, keep in mind that if you do need to withdraw money from rrsp for HBP, the $ has to stay in the rrsp acct for 90 days

作者: chrichri 時間: 2009-2-26 18:52

原帖由 Littleprince 於 2009-2-25 21:50 發表

無野安全過 GIC 窩。。。所謂 GIC 就是 Guaranteed Investment Certificate﹐即係話政府有 CDIC 保障到 $100﹐000 每個戶口﹐就算銀行關門你都拿得回錢﹐你話係咪安全﹖當然更靈活的就是普通儲蓄戶口喇﹐但利息可能只得 0。1% ...

totally agree with about earning btw GIC and money market fund right now. In money market fund, you can lose money or earn a few %, but within GIC, your principal is guaranteed and also the interest payment.

It really depends on what your investment horizon, risk tolerance and investment objective. If you want 100% safety, money market mutual fund and GIC will be better. Money market fund gives you more flexibility and lower minimum balance required. It is also subject to market fluctuation and future performance is not guaranteed. rate of return fluctuates...
vs.

GIC- You can choose from redeemable or non redeemable, redeemable gic is around 0.75 to 1.xx around all FI's. It is usually cashable after the first 30 days. interest rate, interest payment amount and principle are guaranteed. Non-redeemable gic can range from 30days to 5 or more years. the longer you locked in, the higher interest rate they will pay. you can expect up to 4% per year if you choose sth like 5 yrs term..only cashable on maturity date with interest payment. also, you can choose to take the interest payment from semi-annual or annual with some FI's.

作者: chrichri 時間: 2009-2-26 19:01

my suggestions here will be:

have a savings acct for regular savings -- regular savings acct allow you to do withdrawals and deposit at bank machines or tellers.
interest rate varies. interest earned is your taxable earnings, but gives you daily access

also have a tax free savings account- max contribution is 5000.00---accessible mostly through online, telephone banking or at branch, but not atm
withdrawal amount and unused contribution can be carried forward to next year

rrsp- if you are paying tax or in middle-high income tax bracket.
so you can save on your income tax

pay off your credit card balance first or consolidating your debt if you have any --- through personal line of credit cuz the rate is usually lower
even though you don't carry credit card balance, have a PLC to use for emergency fund or back up.

For credit card, use the one that suit you the most. lower interest rate vs. points vs. cash back vs. no fee vs....

just my 2 cents... again, just for sharing

作者: B2L2 時間: 2009-2-27 00:07

Just FYI.

ING Direct has 90 days RSP GIC at 3.5%
Scotia has 30months GIC at 3.5% also (RSP or not)

- Brian

作者: bluemoon 時間: 2009-2-27 00:14

原帖由 B2L2 於 2009-2-27 01:07 發表
Just FYI.

ING Direct has 90 days RSP GIC at 3.5%
Scotia has 30months GIC at 3.5% also (RSP or not)

- Brian

30 months for 3.5% is not high..
90 days for 3.5% is high.. but considering if u are going to stay with the same FI for a longer period of time... the transfer out fee is quite expensive... =)

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