Quote:
Originally Posted by Russic
Hey people who know a lot more about money than I do! If I have extra money and a variable rate mortgage should I be continuing to throw money into RRSP's or should I start deflecting some of that towards my house?
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in theory, if you can get a better return by investing, that would be more effecient use of your money then paying off a low interest loan.
however, paying the mortgage is a guarateed tax free return. of course it comes down to your own investment and financial goals which is why it helps to have a consultant work with you.
there is also the method where yo can do both! invest in the RRSP and put the tax return from the RRSP onto your mortgage.