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  1. H

    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 Well, of course, no penalty. It’s just that the government will want more than 30% of it next year. It’s more of a physiological factor I am not ready to deal with. Until I fill it, TFSA will be my priority for now. Surely, if I am in danger to pay anything in taxes I will deposit some...
  2. H

    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 I am no accountant but in mind simple mind I see it this way: from the TFSA I can withdraw anytime with no penalty. From RRSP not so much. God knows I may be dead tomorrow (busfactor). I feel much better knowing that I can withdraw tomorrow and not having to worry about the taxes due...
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