Should you take RRSP withdrawals to pay down debt?
Sorry to hear about your husband’s job, SK. The unemployment rate is still higher than pre-pandemic at 6.7% in October 2021, but much lower than the 13.7% peak in May 2020. If he was receiving the Canada Recovery Benefit, that income support recently ended on October 23, 2021. Hopefully, he will find something soon.
Original Article Source Credits: Money Sense , https://www.moneysense.ca/
Article Written By: JASON HEATH
Original Article Posted on: NOVEMBER 9, 2021
Link to Original Article: https://www.moneysense.ca/save/debt/rrsp-withdrawals-to-pay-mortgage/