Episode 3: Using RRSPs to Get More Government Benefits and Pay Less Tax in Canada

Have you ever wondered are RRSPs worth it? How can I pay less tax? How can I get more benefits? Or whether you should us a TFSA or RRSP first? In Episode 3 of our Tax Tips and Investing Series we show you how to use RRSPs to lower your taxes AND increase your government benefits. Timestamps: 0:00 Intro 1:09 RRSP Basics 1:42 Tax & Benefits on $50k Income 1:59 RRSP & $50k Income 2:31 Tax and Benefits on $110k Income 3:10 RRSP & $110k Income 3:46 Cashing Out RRSPs Early WATCH NEXT: 3 REASONS TO CASH OUT YOUR RRSP :    • Video   TURNING YOUR TFSA IN $1 MILLION :    • The Power of Tax-Free Investing Over Time   HOW TO PAY YOUR MORTGAGE OFF FAST :    • 3 Easy Tips to Pay Off Your Mortgage FAST!...   SHOULD YOU USE RRSPS TO PAY DOWN DEBT? :    • Selling Your RRSP to Pay Off Debt - Subscr...   // LINKS Weekly blog, resources & tools: https://theindependentdollar.com Follow The Independent Dollar on Twitter:   / indepdollar   **** IS THERE A TOPIC YOU WOULD LIKE TO LEARN MORE ABOUT? LET US KNOW IN THE COMMENTS****