Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Investing in RRSP is Really Not a Win-Win for You 💪😮

16 Sept 2023 · 1 min

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A YouTube video by Richard Canfield (uploaded Sept 16, 2023) questioning whether investing in RRSPs (or a related investor program) truly benefits individual investors. The excerpt argues that government, program sponsors (investors), and employers each gain—via incremental taxable benefits, deferred future taxes, and employee attraction/retention—while prompting viewers to verify whether they personally benefit.

Chapters

What we've put together very accurately provides the incentives of why the government would want to cooperate with it, because they get incremental taxable benefits contributed by you. The investor program, who's sponsoring this program, enjoys from that. And the government also enjoys from the future tax deferral that is coming in the perspective that is being put there. And the employer, not to knock on the employer, but would enjoy that because that is what the market of employees that they've been able to attract in terms of retaining that talent. So there's a win, win, win for those three individuals. For you, that is what we want to make sure that you are able to identify whether or not you are actually winning. In this scenario, all three of the other parties are winners, but we got to make sure you are winning.