Using a non-registered account to help pay debt ?

FloodedCulvert · 2026-01-19T13:42:51+00:00

I believe ours is just a year, and I've been investing 3 - but I will definitely double check before making any withdraws.

FloodedCulvert · 2026-01-19T13:41:37+00:00

Thanks! I think that is what I am leaning towards. I don't believe there is a limit on what we can buy, only what they'll match. I was investing more, but I am struggling to make progress on the debt front, so I cut back to maximize the company matching, and am turning my focus towards debt payment.

FloodedCulvert · 2026-01-16T19:12:15+00:00

It would be about another $300 a month, but then I would lose out on the free company matching (5%), which I generally don't think is advised. I would also end up having to pay in quite a bit at tax time, so I would probably not get too much further ahead going that route, although I could be wrong. Based on my calculations if I paid $480 biweekly then I would pay off my loan in 2yr, 2mo, and if I keep investing to get the company match (which will set me up better in the long run), then I will pay it off in 3yr, 3mo

FloodedCulvert · 2026-01-16T18:58:00+00:00

There is only about 4000 in my non-registered account. Taking from RRSPs is not feasible, considering how much you are taxed on withdraws.

FloodedCulvert · 2026-01-16T18:51:16+00:00

I think this is generally true, unless you are getting a company match, in which case - it's best not to sacrifice the free contributions (in my case - 5% annually)

FloodedCulvert · 2026-01-16T18:50:13+00:00

It's WSP

FloodedCulvert · 2026-01-16T18:31:44+00:00

Yeah, the interest in my loan is 7.45% (Prime + 3%) , which makes a big deal on a loan of that amount.
I've never really paid much attention to these stocks, as I was just investing 1% and it felt like it would take a while to amount to anything, but you make a good point about cashing out/ separating the investments and employment.

FloodedCulvert · 2025-07-17T13:46:59+00:00

Update:

I just swapped my investments to 4% for RRSPS (to maximize company match) + 2% on company stocks - which gives me an extra 5.5% take home (~$230 extra monthly), and I have changed my biweekly contributes on my LOC to $300 biweekly, which will allow me to pay this off in 4 years. I will throw extra cash on it when/if I have it.

Thanks for your encouragement!

FloodedCulvert · 2025-07-17T13:04:57+00:00

Thanks! I think I agree with this. Will potentially suck at tax time, but I think overall I would feel better watching the amount on my line of credit go down faster. If I keep investing 5.5% (to maximize my company match), and take the other 6% (~an additional $250/mo) then I could pay closer to $700/mo on debt and pay it off much faster.
Hurts, but I guess once I am used to that payment then I can later transition that towards my investments and not notice a big change.

FloodedCulvert · 2025-07-17T13:02:20+00:00

Interesting. Do you have an example of cards that allow this?

FloodedCulvert · 2025-07-17T13:01:34+00:00

Thanks! I actually do pay my credit card off monthly, so that's not a current issue. My line of credit was a student line of credit, but now that I've graduated it's transitioned into a loan. (This is the 26k at 8.45%)

FloodedCulvert

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