RE:RE:You're not too sharp BOY , get it right Well my friend ,your WRONG. IF: I take money out of my RRSP with RBC , I MUST pay an automatic withholding tax of 10% on withdraw of up to $ 5000 , AND 30% in amounts higher than that . That's the law , and if you have an account at RBC ,there is no opting out .it's automatic. I'ts automatically drawn at time of withdraw . EXAMPLE : I take $30000 out of my RRSP.IMMEDIATELY ,I only get credit of $ 21000 into the account -------- On the TFSA , if I take money out ,Ex: $30000,its tax free.