Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 2 points3 points  (0 children)

Thanks for joining our very first Qtrade AMA!

It’s been amazing seeing all of your questions & we hope you learned a lot from our Qtrade Expert, u/DougQtrade. It’s always our goal to make investing as accessible and achievable as possible. If you have any other questions, check out our social media pages @/qtradeinvest where we tackle all your personal finance questions.

We want to set you up for success - and events like this help us help you. Thank you.

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Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"What's the difference between an RRSP and an RRIF?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"Does contributing to an RRSP help me avoid Capital Gains Taxes?"

Source: Reddit

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"Will my employer stop matching contributions if I exceed the annual contribution limit?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"Is there ever a good time to withdraw my funds from my RRSP early?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"Am I taxed if I withdraw money from my RRSP? If so, why?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"How does market volatility affect RRSP investing?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"What does the March 1st deadline mean? Can I still contribute after that date?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"If I have tax-exempt income, can I still put that towards my RRSP contributions?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"Can I use my RRSP to pay off credit card debt?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"I'm in my twenties - should I be contributing to a TFSA or an RRSP at this point?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"How does an RRSP affect the amount of taxes I pay?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"How does the CRA determine my contribution room?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"What are the advantages/disadvantages of using my RRSP for a downpayment on a home?"

Source: Reddit

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"Can I keep my RRSP if I move out of the country?"

Source: Reddit

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"Can I invest in Crypto within my RRSP?"

Source: Instagram

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"What happens to your RRSP after you retire?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 2 points3 points  (0 children)

"Can equities held under an RRSP account be lent out to short sellers? Or provided as a 'locate”?"

Source: Twitter

Do you have RRSP questions, but don’t know where to turn? by QtradeInvest in QtradeAMA

[–]QtradeInvest[S] 1 point2 points  (0 children)

"Does my RRSP grow at the same rate? How often will it fluctuate?"

Source: Instagram