RRSP`s and Real Estate Investin
- Thread starter wayneh
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QUOTE (wayneh @ Jan 26 2010, 10:49 PM) I am interested to know what the step-by-step procedures are for converting your RRSP`s into cash for real estate investing. How is this possible without paying tax as if you cashed in the RRSP`s. Wayne Harris
use cash IN RRSP for real estate through mortgages, bonds, MICs, private real estate firms or publicly traded real estate firms.
use cash IN RRSP for real estate through mortgages, bonds, MICs, private real estate firms or publicly traded real estate firms.
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QUOTE (wayneh @ Jan 26 2010, 10:49 PM) I am interested to know what the step-by-step procedures are for converting your RRSP`s into cash for real estate investing. How is this possible without paying tax as if you cashed in the RRSP`s. Wayne Harris
Hi Wayne,
You are not "cashing in your RRSPs"...you are simply transferring your RRSP into a new self-directed account (we use Olympia Trust). It is as simple as open a new bank account and then you decide what to invest in.
More info in a previous thread at RRSP Investing - Real Estate - Click Here
Hi Wayne,
You are not "cashing in your RRSPs"...you are simply transferring your RRSP into a new self-directed account (we use Olympia Trust). It is as simple as open a new bank account and then you decide what to invest in.
More info in a previous thread at RRSP Investing - Real Estate - Click Here