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  1. R

    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

    @dareldsmeme yes this is the most important part, you put in at your marginal rate you pull out at a smear of rates, which is the average/effective tax rate even better if you pull out before collecting cpp/oas, since then a good portion of it is 0% tax, then 20% then .... even better...
  2. R

    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

    @shellyssaved this is just so wrong... you don't pull out at the marginal rate yes every NEW RRSP dolloar will be pulled out at the marginal rate in retirement but if you start at 0, then the first marginal rate is also 0%, etc .. so unless you have a lot of other base income (pension...
  3. R

    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

    @momofone1 YES! YES! YES! now balance your RRSP's perfectly split with partner, so only take $60k each and the MTR and ATR is even lower which of course helps even more! and after 65 you get pension Income Tax Credit (not much) and age credit so the ATR is even lower (MTR is still the same...
  4. R

    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

    @shellyssaved and that is the mistake if you are in the same tax bracket and all your income in retirement is RRSP (for a simplification) then the TFSA and RRSP are NOT equal the math works only when you consider the 'additional' dollar concept and at the same time have a large RRSP (or other...
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