Quote:
Originally Posted by Cowboy89
Very true if tax rates remain exactly the same now and in the future when RRSP funds are withdrawn. If taxes go up in the meantime, then the use of a TFSA account would be superior vs. a RRSP account, the opposite is true favoring the use of a RRSP account if taxes go down. That is of course it's an 'either/or' arguement rather than the case where you have more than your contribution caps to invest.
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I dont quite agree. You are implying that my earnings now will be the same as my RRSP withdraws down the road so that in both situations Im in a simialr tax bracket.
Down the road without big debt (mortgage) I will not need to be pulling out the same income through my RRSP. As such, RRSPs now at high income and down the road at lower income.