8 L$ p: V- x2 A8 Q) r- `5 BIt is time to buy RRSP. I am planning to buy some this year. 7 g6 J$ s1 ^: n4 q9 }: h- S
3 R% r$ r+ ~6 J* g' kDo you have any recommendation which bank, or financial institute, and specific investment plan is the best to invest it?) b0 P' C( ]. v0 w! y' L1 A
Too many choices. depends on your risk tolerance and duration of investment L8 s/ @ ~4 |% p4 H8 Z
1 }0 p) F) ]' F! i6 qIf 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.)& q& c E2 ]9 y
. `# Z4 L( c4 G! m! Z2 U. }For 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. * y" \1 K8 u1 F- F' n3 o+ g. k6 \. }+ f9 k- Z2 y8 W6 R
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.1 {" f5 C A8 _4 @1 P