In housing co-ops rent is called “housing charges.” There are many factors for establishing how much any given co-op member will be required to pay in housing charges. One factor is a calculation done as a percentage on the member’s income. Using a 30% housing charge calculation, I created a video to show how current practices in calculating housing charges penalize members who choose to buy registered retirement savings plans (RRSPs). Members are charged a second housing charge when they cash the RRSPs.

I advocate for improving the fairness of how RRSPs effect housing charge calculations. This is important to the support the Aging in Place movement.

Viewing Tip:

To access the video in full screen, try double clicking on the video or right click for your options. The pace is fast, so I encourage pausing (try pressing the space bar.)