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Budget 2008 - Federal

The RRSP can/will eventually be taxed when converted into a RIF. It must be withdrawn, and as a result, taxed.
 
Yep. And 9k$ is well below the poverty line.

Maybe it's been a while since you've been poor, Shocker.

Nonetheless, this plan provides the strongest incentive to those in the highest bracket, and a very weak incentive to those earning $20k - $30k.
 

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