Pay Tax or Take out RSP Loan
Hello,
I have to pay about 2800 to the government in tax this year. However, if I take out 5800 worth of RSPs I will break even. The thing is I am a bit in debt (~4000) and I don't want to break the bank and hamstring myself even further by getting an RSP loan. What is your advice?
I have to pay about 2800 to the government in tax this year. However, if I take out 5800 worth of RSPs I will break even. The thing is I am a bit in debt (~4000) and I don't want to break the bank and hamstring myself even further by getting an RSP loan. What is your advice?