Quote:
Originally Posted by Shawnski
I stand by what I said. If you want to invest in RRSPs, do it with your taxable dollars, NOT these dollars that are in a "tax haven". Again, not a financial advisor, but from my understanding (and I am NOT a fan of RRSPs in general, if you are an enterpreneur), even Joe Blow wouldn't want to roll over tax sheltered funds into taxable ones. In certain scenarios? Perhaps. But in general I wouldn't do it myself.
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This makes perfect sense. Every dollar you put into your RRSP is a tax deduction. The money that grows in your TFSA is tax exempt - why move it to your RRSP, which will get taxed once you take it out.
Put whatever money into an RRSP that you can, to reduce your taxes. More value for your working dollar. Then any dollars that have been taxed, grow them in your TFSA because any growth is free growth.