RRSPs are the most beneficial retirement savings option available
July 7, 2021
As an incorporated professional, you may pay an extra $3,000 - $4,000 per year in additional taxes just to make the yearly maximum RRSP deposits. Also, when you die, you could end up leaving half of any RRSPs you have accumulated to the Government instead of your family. Incorporated professionals can access safer tax-protected strategies. Don't allow the government to take what's yours.