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  1. J

    TIL - If your tax rate at contribution and withdrawal is the same, your take home from pretax RRSP contribution is the same as TFSA at withdrawal

    @michaeleric Correct, that is the one exception. It’s more of a deferral, as upon the spouse’s death, the tax implications are the same as stated above
  2. J

    TIL - If your tax rate at contribution and withdrawal is the same, your take home from pretax RRSP contribution is the same as TFSA at withdrawal

    @melsha Estate planning is also an important consideration. If you are in a position to have some assets left behind after death, a TFSA passes to your beneficiaries tax-free, whereas your RRSP balance is taxed as if it was all withdrawn at death. Depending on one’s situation, this can be a...
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