TSX:AD.DB.A - Post by User
Comment by
felix10on Aug 10, 2022 4:12am
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Post# 34883770
RE:RE:RE:RE:RE:RE:Earnings out
RE:RE:RE:RE:RE:RE:Earnings outOdd comment about RSP's....absolutely a tax advantage...significant deductions when you contribute (unlike when you contribute to a TFSA) and the money can compound there tax free for about 50 years. Sure, you'll pay tax when you take it out (though that's limited too when you convert to a RIFF), but decades of compounding tax free can add up to serious money. And depending on your income, you can contribute a lot more than you can to a TFSA. I suggest you take another look at the pros and cons.