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Anonymous
2016-02-27 23:18:35 Post No. 16855415
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Anonymous
2016-02-27 23:18:35
Post No. 16855415
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I earn about $70,000 CAD per year pre-tax, this being my first job out of college. I owe about $25,000 in student loans, paying at prime (5%). I can claim the interest paid on this loan in my tax return as an expense in Ontario.
My post tax earnings we can say is approximately 45,000 (should be slightly more). I'm trying to figure out how much I should pay towards my student loans, how much I should contribute to specific investments, and if I should start maxing my employer's matching fund. They offer a 3% match on RRSP and 3% in company stocks.
I am paying $500 a month for my car, so $6,000 per year. With gas this comes up to about $650/month (slightly less).
I am a full-time employee, not on contract.
What specific investment vehicles should I pursue? Should I just gamble some money on the stock market? I have a TFSA account I've set up for trading.
