MUST I Still SPEND MONEY ON RRSP If I Know I Shall Retire HAVING A Pension?

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Should I still spend money on RRSP easily know I shall retire with a pension? Should I still spend money on RRSP easily know I’ll retire with a pension? Having investments in taxable accounts means reducing the amount of increases that can compound every year. That isn’t how most investments work, especially nowadays with swap-based investments.

You just pay taxes on capital gains when they’re understood (i.e. when you cash in the investment). Swap-based ETFs convert dividends (which would as a rule have to pay fees every year) to capital benefits, which means you can keep reinvesting the whole amount of the dividends too. Apart, from the fact that swap structures are under threat of being made illegal (I’d bet within the next decade), deferring taxation with it masquerades as a capital gain does not prevent the compounding nature of tax. As the growth compounds within the ETF, the taxes owed on the eventually-realized gain does in lockstep.

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There’s no escaping the drag on growth triggered by taxation. That is a problem, it doesn’t exist in virtually any tax shelter account, so traders are smart to use their shelters first always. I’ve read that CRA will not allow swap-based sets. You go on and skip your RRSP is you believe it shall cost you more.

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