@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 ...) helps even more
now at 70 it starts to hurt since you have CPP/OAS, but your 55-65 worked, 65-70 works really well
so ideally you don't have a ridiculous amount in the RRSP at this point, still always want some to claim the pension credit, so don't melt it down completely
the point is to keep a very constant ATR and MTR over the 55-90 year range
so any RRSP $ coming out are at all the all the low rates, and sure some of it will be at your highst MTR rate
of course if your RRSP is huge and whatever you do you'll be in the 40+% bracket MTR in retirement, then yes the NEW dollars would be exactly what the post says... so sure once you know you're RRSP will be massive then you have to decide wether to contribute more or not ...
but that is like a $$$M RRSP problem
less of course if you are retiring @ 65 and less if at 70 ...
so it all depends on you situation,
the math is right, but there are lots of way extract RRSP $ and pay (well unless you have too much money, then none of this matters anyway!)