Quote:
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Originally Posted by DeviousBros.
When the slide started to happen I began looking at revenue streams from within Canada than of course pay in Canadian dollars.
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One theory I have had involves pulling money out of RRSP's to purchase my first home(ok, this won't apply to everyone).
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Anyone else with ideas like this?
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Not quite the same thing, but I've also been looking at ways to SAVE in my local currency. A discount is like tax free income!
http://www.fyibox.com/for-your-infor...-free-interest
Here's the important bit
"To conclude, let's go back to our savings account and look at it another way: to
earn the equivalent of $700 in tax-paid interest, you would need need to increase the amount sitting in your savings account for the year to just over $18,850. You can
save the same $700 by keeping only $10,000 in your home loan account for the year."