https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr en-us 2020-11-30 20:52:34 UTC 2020-12-01 01:30:04 UTC hello@padlet.com simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973506332 Here you will be learning about investments. Getting an understanding about mortgage and Registered Retirement saving plan (RRSP). Basically an investment is an asset which can be passed on to generations.]]> 2020-11-30 21:21:39 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973506332 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973797645 In this video, Brandon has talked about how to save money on taxes. RRSP is an investment account and is a tax free account. The CRA withholds the tax which we are owing in taxes and we did get the tax refund as we file tax at the course of a year. Examples were provided in the video that how RRSP deferral the tax. Eventually, by investing in RRSP helps to save tax. Also, we can take money out of RRSP but with some circumstances.

I choose this video because I have looked at lot of videos but I did actually understood what an RRSP is and what it does in regards to our money. I also understood that it is not an savings accounts rather it is an investment account irrespective of the name RRSP(saving plan).]]> 2020-11-30 23:31:04 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973797645 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973812953 The benefits of RRSP are being discussed in this video and is a long-term investment and is not a saving whereas is a investing account. Any dividends, Interests and the capital gains will be tax free in an RRSP account and they grow much faster as compared to a non- registered account. In RRSP, investments can be made like Stocks, Bonds, ETFs, Mutual Funds, GICs and Cash. The Investments t hold under RRSP were also discussed, to maximize your tax-free growth.

In this video the things that I liked the most was the way the tax deferrals were discussed and the information was concise.]]> 2020-11-30 23:39:56 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973812953 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973818156 The Basic learning about Mortgage are discussed and how does it works. It was explained by giving an example. Rates, fixed and Variable rated were explained. Fixed as the word says is a fixed rate and is more helpful to be in record. 

Where to buy a mortgage. Banks or independent mortgage brokers. Why to choose a broker was explained as they have more options as comped if we go with a bank.]]> 2020-11-30 23:43:02 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973818156 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973818658 The thing that I liked in this video was that he said ask questions. They also did mentioned it might be complicated. They did talked about where to go and why to go. The quality and the advice is different so ask questions and is important to gather correct information.]]> 2020-11-30 23:43:20 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973818658 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973837836 In this website the services and information about RRSP in Canadian society have been discussed. Things like how to set up an RRSP, receiving income, making withdrawals have been discussed. Also, as it is an Canada revenue agency website, I found it credible source.

 ]]> 2020-11-30 23:55:00 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973837836 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973840172 What is RRSP and when it was established and many more things were given in this website. 

When I did found about the RRSP, I was also having many questions going in my head. The FAQ helped me to find the answers.]]> 2020-11-30 23:56:25 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973840172 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973847437 In the website, the services and information was given as to what is mortgage and how much you need for a down payment. Basically, the steps to get a mortgage. A credible source to look into if looking for a mortgage and/or get some information about getting a house and how everything works.]]> 2020-12-01 00:00:33 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973847437 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973853566 The different types of mortgage were discussed in the website and how do mortgage works.

]]> 2020-12-01 00:03:44 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973853566 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973871540 The picture, saving for retirement says all what RRSP means but what it actually means not a saving but an investment for retirement.]]> 2020-12-01 00:12:57 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973871540 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973877775 In this picture, steps have been discussed clearly how to get a mortgage. Starting from estimate home budget to close on mortgage]]> 2020-12-01 00:16:06 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973877775 simranjeetkaursohal https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973881449 I have a very little knowledge about investments and there were many things that I learned after searching for the content. I was surprised  to know that RRSP was an retirement savings plan, I didn't knew that before.

This topic, Investments is not only interested for me but for anyone who is looking for saving for their retirements. As everyone wants to spend they life not worrying about the retirements but free from all this. So, I think investments are good not only for saving money for retirements but also passing on to generations.

The knowledge that I would pass on to my known will be that why they should invest. Importance of investments and how it helps to save for an emergency and/or retirement.]]> 2020-12-01 00:18:04 UTC https://padlet.com/simranjeetkaursohal/wua8bqfcpg06rxwr/wish/973881449