I have changed my attitude to RRSPs since reading the excellent thread about investment order and delaying RRSP contributions until income is >$45,000. My income is still far from that, so I'm going to hold off on any further contributions and focus on maxing my TFSA, and then starting a taxable account.
DH and I will probably be buying a house in 3-4 years, and I want to start getting my ducks in a row for that. The HBP seems like a great way to partially fund the deposit, and I'm in the process of opening a spousal RRSP for him to contribute to. It would be awesome if we could get my total RRSP balance over $25K so I can take full advantage of the HBP. I was wondering if in this case it would be worth making contributions to my RRSP, even if my income is <$45,000.
I'm really just writing this as a sanity check, and after spelling it out I'm thinking the best way forward is to max spousal contributions, hold off on personal contributions for a few years until my income increases (2019 is hopefully my year!), and in the meantime max TFSA and then start a taxable.
Obviously the other question is where to actually put the money. I'm torn between sticking to my regular investment allocation and playing in safe in a high interest savings account (or GIC). I guess to be safe I should be looking for a 3 year GIC at ~3%, but would keeping it in the market be a really terrible idea?