Q: I am considering purchasing a $5000.00 5 year bond paying 5% per annum from Solar Share of Toronto. This bond is RSP eligible. Is this a reasonably safe fixed income investment? I have other blue chip stocks in my RSP. I will not need this money for many years.
Is there a tax efficient way to purchase the bond with existing RSP funds? I would like to avoid withdrawal fees from TD, the bank that holds the RSP.
Thanks, Brenda
Is there a tax efficient way to purchase the bond with existing RSP funds? I would like to avoid withdrawal fees from TD, the bank that holds the RSP.
Thanks, Brenda