Quote:
Originally Posted by Husky
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.
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Keep in mind that once you hit 71, the amount you withdraw from your RRSP (now RRIF) has a fixed minimum. If you have enough in your account you could be forced to withdraw large amounts in the top tax bracket.
I know of course that this is a problem that everyone would like to have and I certainly wouldn't complain if I am faced with that 40 years from now, but it is still worth considering.