NOTICE!!! - RRSP CONTRIBUTION DEADLINE 28 FEBRUARY 2017

Ryan Raguero - Financial Literacy Campaign

ryanraguero@gmail.com
604-782-0909
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Only 3 Weeks Left - Beat the RRSP Deadline

 

I'm working with the rush of last minute RRSP contributions! Email me to set up an appointment. 

RRSP contributions must be in by February 28, 2016.



RRSP Loan Option

For some families I served, it makes sense to maximize their RRSP contribution. However, ready cash isn't always on hand to benefit from the RRSP tax advantages.

Available are affordable loan options for borrowing ease and convenience.

Annual Contribution Option:

BENEFITS

* The loan can be amortized to a maximum of 12 months

* 90 day payment deferral option available

* Balance may be prepaid at any time without penalty

Extended Amortization Option:

BENEFITS

* Low monthly payments

* Balance may be prepaid at any time without penalty



Learn & Earn

1. Let's Talk RSPs CLICK
2. What's My Maximum RRSP Contribution Limit
3. Have the government fund your next big thing
4. 8 Smart ways to put your tax savings to work



Leverage RRSP and Get Up to 40% Back in Taxes

Case Scenerio:
1. Borrow $10,000 to put into RRSP
2. Tax bracket - 40%
3. Borrowing rate - 3.2%

Cost of Borrowing:
1. $10,000 paid back over 1 year @ 3.2%
= $174 Interest Paid

2. 10,000 paid back over 2 years @ 3.2%
= $337 Interest Paid

Taxes Saved:
$10,000 x 40% = $4000 Saved

Net Profit:
1 Year - $4000 - $174 = $3826
2 Year - $4000 - $337 = $3663

Deadline for Loan Applications
Feb 22, 2017

Deadline for 2016 RRSP's
Feb 28, 2017

Your senerio?
Email me direct and I will crunch your numbers within 5 minutes.



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