Quote:
Originally Posted by Hadji Ramjet
RRSP are not tax FREE, they're tax DEFERRED. If you don't even know that basic information, there is absolutely no way I'll consider any financial advice you have to offer.
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Not just deferred, you can actually pay less taxes , by withdrawing the money after you retire, when your income is lower. I am paying an average of 30% on that money, whereas I would have paid over 40% if I drew it while I was working.