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Pastimes : RRSP
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To: HubTech who wrote (6)1/21/2000 4:56:00 PM
From: Pied Piper  Read Replies (2) of 22
 
She is absolutely wrong on the tax deferral question. Just run the numbers through the two scenarios, if I contribute to an RRSP or if I don't. Then look at what one has (after tax) at retirement. I am way ahead (and I mean hugely) putting money in the RRSP.

Of course, this does not account for some of her other points, in particular that I am restricted in what I can invest in. Even then, many people invest more than 20% stateside inside there RRSPs and laugh at the "penalty" they are charged to do so.

Piper
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