Borrowing for RRSP May Improve Tax Refund Advantage
A Winnipeg column explains that Canadians with cash shortfalls can borrow to fund an RRSP before February 29. Using a $3500 loan at 10.5 percent for 12 months, the RRSP earns $315 while loan interest costs $202.24, yielding a net benefit of $1337.76 after tax savings. Caution is urged to avoid overborrowing and to use refunds to pay down the loan promptly.
MENTIONED IN THIS ARTICLE
Revenue Canada
Mardon
Investors Group Inc
Financial Services Company
Reform Party Fetes Dauphin Swan River Members in Russell
More than 100 Reform Party members attended the second annual Dauphin Swan River meeting at Russell Community Centre on February 8. Dennis Young praised Manitoba growth, with membership near 1200 and renewals leading the province.
MENTIONED IN THIS ARTICLE
Russell
Reform Party
Dauphin- Swan River
Dauphin - Swan River
Dennis Young
Manitoba
Saskatchewan
Danita Onyebuchi
Reform Party Executive Council
Winnipeg
Dauphin-Swan River
Don Armitage
Armitage
Jake Braun
Debby Sorochynski
Dauphin
Sandy Tobler
Roblin
Clarence Klimack
Jim Barker
Don Armitage Miniota
Mike McIntosh
Bowsman
Wayne Willianson
Grandview
Minsota
Anne Ward
Eileen Corbey
Strathclair
Reform Party of Canada
Eileen
Also Mentioned on This Page
Hamiota
Romoto
PMU
GIC
Don Mennie
Oto
Reformers
Swan Valley North
Don Blazenko
Birch River
Don Mullan
Ken Sutherland
Ray Dzikowski
Swan River
Ted Zaretzky
Pine River
Duck Mountain South
Dauphin East
Jim Baker
Hazel Chute
Richard Hamilton
Ochre River
Gordon Ritchie
10Th
Brandon
RZA
Collectibles & Antiques
Terry Hudson
Herman Mentuck
Tenpo
Crosstown
Tempo Place
Tempo
Marg
Keith
Cana River
Mac Campbell
Provincial Granite Works
Dauphin, MB
Hamiota, MB
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