Sunday, February 15, 2009

RRSP STRATEGY

ARE YOU MAKING THE MOST OUT OF YOUR UNUSED RRSP ROOM?

WITH MARKET PRICES BEING DOWN, AND THE UNBELIEVABLY LOW INTEREST RATES ON LOANS, IT IS AN EXCELLENT TIME TO TAKE ADVANTAGE OF THE RRSP LOAN CONCEPT. INCREASE THE CONTRIBUTIONS TO YOUR RRSPs AND TAKE ADVANTAGE OF A HUGE TAX BREAK FROM THE GOVERNMENT BEFORE RRSP SEASON ENDS.

PLEASE SEE THE EXAMPLES BELOW TO GET AN IDEA OF THE KINDS OF TAX DEDUCTIONS YOU CAN RECEIVE BY USING THE SIMPLE RRSP LOAN CONCEPT.
THE TAX DEDUCTIONS BELOW ARE BASED ON THE CONTRIBUTION OF A $20,000 RRSP LOAN AT 3.75% INTEREST

IF YOU MAKE:

INCOME 1 - $ 20,000 TAX DEDUCTION: $ 4,210 IN YOUR POCKET
INCOME 2 - $ 50,000 TAX DEDUCTION: $ 6,230 IN YOUR POCKET
INCOME 3 - $ 80,000 TAX DEDUCTION: $ 8,682 IN YOUR POCKET
INCOME 4 - $126,000 + TAX DEDUCTION: $ 9,282 IN YOUR POCKET
All numbers are approximate and are subject to change at any time without notice.

TAKE ADVANTAGE OF THIS GREAT STRATEGY AND GET THE MOST OUT OF THE TAX MAN. ALSO, ASK ME HOW YOU CAN NEARLY DOUBLE YOUR MONEY IN 5 YEARS WITH ZERO % RETURN ON YOUR INVESTMENT…NOT A JOKE, ITS REALITY.

HAPPY INVESTING!

Jason Reynolds