Quote:
Originally Posted by Traum
Good to see that the OP has no debt. The only thing I can think of doing if I were in that situation is to spend the bulk of it on paying down my mortgage, and keep a sum around as emergency funds.  |
Unless your mortgage rate is >5%, I'd actually put the money in a TFSA/dividend producing ETFs and have it earn somewhere along the lines of 7% for a few years. Then take that money and put it into your put it towards your mortgage when you renew. Unless it's of course, at an even lower rate.