RRSP equivalent to TFSA?! Really? So says CIBC...
"If your tax rate in the year of withdrawal is exactly the same as it was in the year of contribution, the RRSP has provided you with a tax-free rate of return on the investment income earned therein, mathematically equivalent to saving in a TFSA."
From here: Financial Post: Death, taxes and your RRSP: What you need to know to minimize the tax hit to your estate.
https://financialpost.com/personal-fina ... our-estate
this seems completely wrong... Am I missing something. The author is from CIBC, so I feel I must be missing something. Please educate me, I don't have a any of these credentials:
"CPA, CA, CFP, CLU, TEP is the Managing Director, Tax & Estate Planning with CIBC Private Wealth Management in Toronto"