Hi, 2 a7 L0 p0 m5 l4 u8 _. j$ s3 U1 N8 u ( L& ?8 s: |- e/ N3 l/ eIt is time to buy RRSP. I am planning to buy some this year. 2 r7 V0 v, g! \ 0 Q/ G4 j9 z( z* L- h5 UDo you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it?7 j/ P% }: a3 {2 S8 P) h
Too many choices. depends on your risk tolerance and duration of investment 1 `7 x" R3 P8 P1 @ % } O0 P. O' G- f! yIf you are happy with 2-4%, I suggest standard GIC from any bank. Manulife advantage account is offering 3.75% per year for very short term (10 days etc.) % q3 @* U! o3 T 0 o# X/ S- S' j2 L7 PFor longer term with inestment protection, I would suggest Seg fund where it guarantees up to 100% of your investment on 15years or longer term. The guarantee moves up accordingly to the daily market high for few years and you can sell at anytime with no obligation.$ I7 z/ T8 r# P; R" o$ f
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Or you can invest into Income funds that generates fixed income (slightly higher than GIC) or equities as accordingly to your risk. High risk, high return.; j: [7 [% P& U6 P5 d