Controlling your debt

“There are different types of debt, and some debt might even be considered as good debt. The best possible debt will be at a low interest rate, have tax advantages, and the money will be used to acquire an asset that appreciates in value. An example is an RRSP loan. These are available at low interest rates, you can deduct your RRSP contribution from your taxable income, and the RRSP should grow over time.”

Smart Money_ Controlling your debt – Alaska Highway News

This article was posted in All Columns, Money Management.
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