what do you guys think of RRSPs?
 

good investment? bad? depends?

plz post your thoughts :glugglug

it helps to defer taxes until u retire. better to start young.

max them out. give your spouse enough income so she can max them out. then buy other investments.

thanx for the advice you two! looking for more as well :)

An RRSP is not a specific type of investment.... you can own any variety of investments in an RRSP......you can own mutual funds, GIC's, mortgages, etc. inside your RRSP.

there is a Canadian content requirement however... I think you are only allowed 15% foreign investments inside your RRSP (% may have changed)

So basically, if you are going to have investments... WHY NOT have them in an RRSP? You get the benefit of the tax deduction plus the income on the investments inside the RRSP are not taxed until you take it out (at retirement presumably)