Investment Q&A

We can't get personal, but due to the short term timeframe we would be quite cautious. RRSP withdrawals will be taxable, and there is a trade off between a tax refund from an RRSP and the tax at withdrawal. Without knowing tax rates, we would prefer to stay outside of the RRSP with the other accounts maxed out. If money is needed in one year we would not want to go beyond the risk of a GIC or high interest ETF such as PSA or CASH. If three years then investors have a bit more flexibility but we would still suggest an ultra conservative approach, with a short term bond fund such as XSB or, maybe, a balanced fund such as VBSL. Note any 'non cash' ETF is going to have some risks, and any equity allocation risk will be higher. The time frame is fairly short for much equity exposure, in our view.