Quote:
Originally Posted by PeanutButter
Being self employed, I am always jealous of this income matching companies do.
A friend gets stock from TD and she's been working there for 10 years and her shares are worth BANK! I can't remember what her match is, I think it's at least 5%.
My other buddy works for lululemon corporate and he gets 9% matched, which is JUST CRAZY!
I would max out your companies rrsp/matching plan as much as possible. It's free money and it's definitely worth it!
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Not all income matching is equal though
Many companies including RBC you need to contribute double what they will match. Ie. you contribute 6% of annual income they will match a max of 3
My company matches 1 for 1 up to 6%, have been doing it since getting hired just under 3 years ago and have just shy of 20k. Albeit there’s no way In hell I would be outing that much into it if my own money as the performance hasn’t even been close to the market index but it is basically free money as you say.
Lululemon does have some crazy ones though I know, my wife’s cousin had an opportunity to buy in big time when they were essentially a start up but she flaked on it completely and probably missed out on a million bucks