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Is an RRSP Really The Right Fit, or a Tax Bomb?
Manage episode 363606936 series 3130315
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The RRSP was designed in a time when people did not live as long as we do now. It was designed with the idea that people would earn more while they were working than when they retired. These assumptions don't always hold true, and can leave you with a major tax headache when you retire. We look at how and when an RRSP makes sense, and when it doesn't.
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