- Camille and Calvin turned down insuring their loans because they thought it was a waste of money. The couple wasn’t sure they would ever need the insurance.
More Money Advice
- If you contribute to your Registered Retirement Savings Plan (RRSP), you will pay less tax. But if you pay down your debt, you will pay less interest. Which is better?
- There are many factors to consider, and it all depends on your personal and financial situation.
- RRSPs help you reduce your taxes while you save, so they encourage you to save more. Anyone who files a tax return can open one.