Mar 21 2006
Description of My Accounts
- 1 Comment
Quite some time ago, I provided a description of the accounts that I hold within my portfolio. Things have changed – new job, new strategies – and I wanted to provide you with an update as to what the different accounts mean when you view my portfolio.
| RSP | Registered Retirement Savings Plan. A Registered Retirement Savings Plan or RRSP is a Canadian investment account that provides some tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from taxes. |
| Non-RSP | A normal investment account. |
| Pension | My employers defined contribution pension account. I contribute 2% of my earnings to this account and my employer matches with 4%. |
| Employee Savings Plan | This account is not listed yet as I need to update my portfolio spreadsheet. This account is a non-registered account that I hold, which my employer and I deposit money into from payroll contributions. I contribute 5% of my earnings and my employer matches with another 5%. |
I will be altering what I report to you in terms of my portfolio – I want to provide more transparency into how I manage my accounts. My plan is to provide a weekly synopsis of the transactions that have (or will) occur, including deposits.
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Duane said:
Hi, you mentioned that you hold iUnits REIT, I am trying to find info on thisk but can not find the symbol. Can you tell me the symbol for this?
Duane
May 15th, 2006 at 10:07 pm
