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What if its RRSP crunch time, and I want to invest in SaskWorks fund now to get my tax credits for the previous year. How do I find the money?

April 26, 2017CRUNCH fund invest money previous RRSP saskworks tax credits time year

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What if its RRSP crunch time, and I want to invest in SaskWorks fund now to get my tax credits for the previous year. How do I find the money?

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It is best to see your investment advisor. You may want to consider an RRSP loan. First, take a loan for the amount you want to invest in your SaskWorks RRSP. You receive the RRSP deduction on your taxes, AND your 35 percent tax credits, AND you’re making an investment for your future! Then when you receive your tax refund, apply it to the repayment of the RRSP loan.