Quote:
Originally Posted by Slava
If you sell the RRSPs and withdraw that cash to put in a TFSA you will be taxed. There is a way around that, but its more convoluted than what you are explaining here.
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Depending on the amount it will be taxed and what it will do to my tax return, I may end up just going to the direct option so I be rid of it altogether. Last year was not a high earning year for me and being the RRSP is not much money at all, the hit against my taxable income for 2010 might not be so bad compared to if I leave it and have a high earning year this year.