Hi all, I'm approaching the point where I'll have maxed out my TFSA and RRSP in the next year or so. This seems like a pretty good place to be, and I'm thankful to all the more active forum members for giving good advice over the years.
I bought a house a few years ago and took a 25k loan from my RRSP via the first time home buyers program. I can pay (myself) back early, or I can invest that money in my non-registered account. Either way it will be the same ETFs as per my asset allocation. Is there a rule of thumb to determine whether the tax deferred growth in my RRSP would be more effective than the capital gains growth in non-reg? My gut feeling is that non-registered is better, but the assumptions are pretty important for 20+ years out.
Thanks,