Comments on: Tips To Maximize Your RRSP http://www.johnchow.com/tips-to-maximize-your-rrsp/ The Miscellaneous Ramblings of a Dot Com Mogul Thu, 20 Nov 2008 18:34:44 +0000 http://wordpress.org/?v=2.6.3 By: John Chow, Where’s Your Money? | Dividend Money http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-46804 John Chow, Where’s Your Money? | Dividend Money Wed, 28 Feb 2007 15:32:57 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-46804 [...] of Richmond, BC Canada recently posted on the Registered Retirement Savings Plans (RRSP).  The two posts were pretty much on the mark, but this dot com mogul who is known for making money has [...] [...] of Richmond, BC Canada recently posted on the Registered Retirement Savings Plans (RRSP).  The two posts were pretty much on the mark, but this dot com mogul who is known for making money has [...]

]]> By: Nomar http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34636 Nomar Thu, 08 Feb 2007 09:50:38 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34636 me to hehe :) me to hehe :)

]]> By: Make Easy Money » Blog Archive » AlleNation Blog Review http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34585 Make Easy Money » Blog Archive » AlleNation Blog Review Thu, 08 Feb 2007 07:11:35 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34585 [...] I’m on a financial kick lately, writing about RRSP and Visa dividends, I figure now would be a good time to introduce the personal financial blog [...] [...] I’m on a financial kick lately, writing about RRSP and Visa dividends, I figure now would be a good time to introduce the personal financial blog [...]

]]> By: AlleNation Blog Review « John Chow dot Com http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34583 AlleNation Blog Review « John Chow dot Com Thu, 08 Feb 2007 07:01:25 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34583 [...] I’m on a financial kick lately, writing about RRSP and Visa dividends, I figure now would be a good time to introduce the personal financial blog [...] [...] I’m on a financial kick lately, writing about RRSP and Visa dividends, I figure now would be a good time to introduce the personal financial blog [...]

]]> By: John Chow http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34579 John Chow Thu, 08 Feb 2007 06:39:55 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34579 Income from the blog is consider business income and must be declared with my personal income tax return. Income from the blog is consider business income and must be declared with my personal income tax return.

]]> By: John Chow http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34577 John Chow Thu, 08 Feb 2007 06:34:19 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34577 15.25% on the first $36,378 of taxable income, plus 22% on the next $36,378 of taxable income (on the portion of taxable income between $36,378 and $72,756), plus 26% on the next $45,529 of taxable income (on the portion of taxable income between $72,756 and $118,285), plus 29% of taxable income over $118,285. On top of the Fed tax, you have to add the Provincial tax. The rate depends on what Province you're from. You can get tall the rates here: http://www.cra-arc.gc.ca/tax/individuals/faq/taxrates-e.html 15.25% on the first $36,378 of taxable income, plus
22% on the next $36,378 of taxable income (on the portion of taxable income between $36,378 and $72,756), plus
26% on the next $45,529 of taxable income (on the portion of taxable income between $72,756 and $118,285), plus
29% of taxable income over $118,285.

On top of the Fed tax, you have to add the Provincial tax. The rate depends on what Province you’re from.

You can get tall the rates here: http://www.cra-arc.gc.ca/tax/individuals/faq/taxrates-e.html

]]> By: Andrew Kuo http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34355 Andrew Kuo Wed, 07 Feb 2007 20:23:38 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34355 evil indeeed! evil indeeed!

]]> By: Jeff http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34270 Jeff Wed, 07 Feb 2007 19:02:59 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34270 The beauty of this blog is that the topics can vary, and they are very random, which creates more of a community-like atmosphere rather than some news site on a specific topic. The beauty of this blog is that the topics can vary, and they are very random, which creates more of a community-like atmosphere rather than some news site on a specific topic.

]]> By: Jeff http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34268 Jeff Wed, 07 Feb 2007 19:01:24 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34268 As I mentioned, I have it in BMO mutual funds. BMO Dividend Funds have yielded great results. I'm also trying the precious metals funds this year (also from BMO) as the precious metals sector in Canada is getting better and better, especially that of BC's. Don't bother going with other more private Mutual Fund investors such as Edward Jones and such - they don't necessarily give you a higher result, but they charge more management fees for hte novelty anyways. As I mentioned,

I have it in BMO mutual funds. BMO Dividend Funds have yielded great results.

I’m also trying the precious metals funds this year (also from BMO) as the precious metals sector in Canada is getting better and better, especially that of BC’s.

Don’t bother going with other more private Mutual Fund investors such as Edward Jones and such - they don’t necessarily give you a higher result, but they charge more management fees for hte novelty anyways.

]]> By: Leftblank http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34266 Leftblank Wed, 07 Feb 2007 18:57:55 +0000 http://www.johnchow.com/tips-to-maximize-your-rrsp/#comment-34266 50% isn't that much, some countries go up to 60% ;) The advantage though is that you aren't quite screwed when you're not as lucky, which is kinda happening in the US everyday. 50% isn’t that much, some countries go up to 60% ;) The advantage though is that you aren’t quite screwed when you’re not as lucky, which is kinda happening in the US everyday.

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