It’s that time of year again. The taxman is coming and you’re going to have to get filing. For many, it’s the time to take a large sum of money and dump it into your RRSP contribution to reduce your taxes.

As soon as your RRSP equals the amount you owe on your mortgage - you can set up what is called a Self Directed RRSP Mortgage and use the RRSP to completely pay off the mortgage. You then set up a plan