OMG! Biggest freaking news of this decade!!!!

[albert_dao]

Originally Posted by andresont

I second that, RRSP is not a good idea.

who wants to lock the money away in today's $ buying power and get it 20 years later with less buying power and pay tax on it?

Defeats the purpose imo
Better use the money today, (Wisely) pay off the debt for example.

??????

You might want to do some more research on RRSP's. There's a lot of misconceptions about RRSP's, in general, as a tax sheltering vehicle. More to the point, RRSP's offered by MOST banks are a ripoff. However, they are not the only RRSP's out there. Many RRSP's have great value and outrace interested by a long shot.