Canada It's A TRAP! RRSP's May Not Be The Tax WIN You Think They Are
RRSP season is here again, and Canadians are being pressured to contribute out of fear and greed. Fear of falling behind on retirement, and greed for that spring tax refund.But what if RRSPs aren’t the golden retirement solution most Canadians think they are?In this episode of Tap the Maple, we break down why RRSP season benefits banks, governments, and institutions far more than average Canadians. We walk through Canadian tax brackets, explain why RRSP refunds can be misleading, how RRSPs can trigger higher taxes and OAS clawbacks in retirement, and why TFSAs are quietly becoming the most…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.