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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: hx4 who wrote (3068)	5/2/1999 10:10:00 PM
From: Buckey	Respond to of 4467

OOOOOHHHHH - I like that one - The house thing but it supposed to be for first time home buyers. They may have chanhed up the rules a bit now though

To: hx4 who wrote (3068)	5/2/1999 10:18:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 4467

hx4, Yes you are right.Money in a self directed RRSP can be used to finance a house and the mortgage is held within your RRSP and you make these payments to your RRSP.It is a good way to finance a house purchase but remember it is your retirement money and you want it to grow and most peple want the Mortgage payments to be very low.Hence the low yield on the RRSP and eventual retirement income.Be careful with this one and look at all the implications.