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    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

    @bandyadelaja Sure if you don't care about your family left behind. Or are a socialist who loves paying avoidable excessive taxes.
  2. B

    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

    @joannsak Most people are not aware of the dirty little secret the banks and the government never mention about RRSP/RRIF's. That a great many people die with six figure balances remaining and get taxed at nearly 50% on their final tax returns. Usually at a tax rate much higher than the refund...
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