<font face="Verdana, Arial" size="2">Originally posted by MalGlo:
i need to get some info on this.. i want to start my rrsp's this 'season'.. but i don't know too much about it other than that... can you add into it monthly? do you need a chunk of cash at the beginning.. do most people take a loan out to start up an rrsp?
damn, i did a shit load of typing, and it all got erased somehow. you'd think i just learned how to use computers.
basically, i'm with TDBANK.
i have 3 accounts
i log into easyweb, and throw money into my RRSP's when it's convenient for me.
that's it. no hassle, no minimum limit, there is a maximum yearly contribution, but it goes back as far as the day you started working.. so if you haven't contributed since your first job, you have a lot of catching up to do.. hence, the maximum probably won't affect you for a few years.
i wouldn't put it off.. rrsp's are a NO-LOSE situation.
you get mucho tax back just for investing, plus you can eventually use it for the purchase of your first house, PLUS they gain interest.