Posted on 07/01/06
Tax-free RRSP cash? If it sounds too good to be true . . .
I recall a conversation I once had with my grandfather about money. "Tim," he said, "ready money is Aladdin's lamp." He was always big on having money available to seize opportunities when they came up. Many Canadians are the same way. The problem? Many people have been eyeing the money in their registered retirement savings plans (RRSPs) as a solution for their short-term cash needs.
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