Are Tax-Free RRSP Withdrawals possible? Let me tell you how we are able to do this.
Last week, I was sitting down with a gentleman we’ll call John. Like many Canadians, John had buyers remorse regarding his RRSPs. When he went to make a withdrawal, he realized that withdrawal would be 100% taxable!
“Had I known I’d be taxed so much, I would have never bought them in the first place!”
Once I understood John’s situation and goals, we reviewed multiple ways to draw on his RRSPs without affecting his tax return.
This video explains one of the options John has to draw on his RRSPs without paying tax.
Also, be sure to check out my RRSP Tax Bomb Video