Most investors need to save for a future retirement. Most likely you are aware of RRSPs, TFSAs, and their benefits and limitations. If you have a time horizon of 10 years or more before you plan to take income from your investments, potentially better way to tax-efficiently reach your savings goals. You can read more about this strategy on the B2B Bank Page on Borrowing to Invest. Potential benefits of this strategy include:
- Tax deductible interest
- Your lump sum investment compounds from the date of investment, rather than waiting to build your savings with a traditional strategy.
- Reach financial goals faster