Cashing out RRSP?

[navaz]

Hello Everyone

For those of you who prefer to invest in Real Estate over RRSP`s and have taxable income less than $36,000 for 2007- you may consider cashing your RRSP`s in prior to December 31 to bring your taxable income to $36,000 to stay in the low bracket. Make sure they are not spousal RRSP`s AND consult your accountant prior to doing this.

 

[Grant]

Uhh, Navaz, I don`t know why you posted this in Success Stories, so I moved it to General Discussion. Please check where you`re posting next time.

 

[navaz]

Lack of computer skills -damn accountants!

 

[RussellWestcott]

Navaz
Good thing you have surrounded yourself with good people and you still can work your Abacus

 

[DennisEpp]

QUOTE (navaz @ Dec 10 2007, 06:01 PM) Hello Everyone

For those of you who prefer to invest in Real Estate over RRSP`s and have taxable income less than $36,000 for 2007- you may consider cashing your RRSP`s in prior to December 31 to bring your taxable income to $36,000 to stay in the low bracket. Make sure they are not spousal RRSP`s AND consult your accountant prior to doing this.

 

[navaz]

nice quote and the question is