through rental income or capital gains upon sale, remains tax- sheltered within your RRSP. Investing in real estate through an RRSP provides the dual advantage of potential rental income and the tax benefits associated with RRSP contributions. It is essential to conduct thorough research, evaluate potential properties, and consider the long-term implications of your investment choices. Consulting with financial advisors who specialize in real estate investments and RRSP strategies can help you navigate the complexities and make informed decisions aligned with your retirement goals.
ALL ABOUT CREDIT SCORES
As I briefly mentioned, credit scores can play an important role in getting financing and the rates you’ll need to pay. I want to talk in detail about what makes up a credit score so you’ll know what you need to do, should you want to improve it. First, your score is a number that tells lenders how likely you are to pay back the money. When you have a higher score, you get better rates, which leads to long-term savings and more money in your pocket. Credit scores are typically based on the credit bureau's scoring model. However, the credit score ranges can be similar and are often as follows: • Poor credit: below 600 • Fair credit: 600-699 • Good credit: 700-749 • Excellent credit: 750 and above It's important to note that each lender or financial institution
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