We ask this age-old question to D’Arcy Larmour, Certified Financial Planner with Royal Bank. We chat about some of the items one should consider when looking to make this decision including your marginal tax rate, rate of return on your investment portfolio and mortgage rate. Working with an advisor and other professionals such as your accountant and lawyer are also prudent in making the best decision.
Have more questions for D’Arcy regarding this or other financial planning advice? Feel free to reach out to her via her contact information below or connect with me directly for your personal introduction!