Thinking RRSP's are the way to go for the tax deduction?

Well many Canadians agree. In fact RRSP's are suitable for some or some RRSP's anyway. It really comes down to the tax and the problem with RRSP's is they are 100% taxable as new income upon withdrawal. Few people are aware of this some even think that RRSP's are tax free. They are not they are tax deferred.

There are other tax efficient strategies that are suitable for many though, strategies where you would get a tax benefit for investing and tax efficiency at withdrawal as well. Remember tax is your biggest bill you need to be aware of not only tax advantages of investing but how that money is taxed when you need it most.

Already invested in RRSP's and wondering if you have any options?

Well you do those Registered assets can also be used to create a more tax efficient investment structure for withdrawal purposes. It's not too late to take in to account how you plan for the tax consequences of your current investments.

Interested in finding out more about tax efficient strategies?

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