Tchavdar Elenkov, BA Econ, CFPInsurance and Financial Advisor

Catch 22Mortgage vs. RRSP

What should you do?

Pay down your mortgage – be debt free sooner

OR

Contribute to your RRSP – enjoy tax-deferred growth

Introducing the Flexible Mortgage

You really can do both

Introducing “flexible mortgage accounts”

Pay down your mortgage AND contribute to your RRSP

F L E X I B L E M O R T G A G E

How it works

Rolls your chequing account into your mortgage

Have your money pay down your mortgage

F L E X I B L E M O R T G A G E

ADD your debts to your mortgage

Next, take any other debts you may have and add them to your mortgage

F L E X I B L E M O R T G A G E

ADD any idle savings to the account

Save “more” interest by reducing your mortgage

F L E X I B L E M O R T G A G E

Accessibility to your money

What about contributing to your RRSP?

F L E X I B L E M O R T G A G E

You can now free up cash – sometimes hundreds of dollars per month