Quote:
Originally Posted by mike31154
You may have misread, I don't think he withdrew money from an RSP. He/they took out a loan to buy RSPs in order to bring taxes down.
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Ah, then it really sucks
As global mentioned, maybe look into incorporating and going the dividend route. Works well for me, but I guess each case is different. Just keep in mind you wouldn't be paying into CPP or EI... So that's one downside.
Cheers.