Would you liquidate the RRSP for an investment property?

[Jamie Montpellier]

Hello everyone,

The idea behind an RRSP (registered retirement savings plan) is to shelter the taxes you will pay on your income until you eventually find yourself in a lower tax-bracket.  Well, I'm asking all of you, if you had previously invested some $$$ in such a tax shelter and THEN found the miracle of REAL ESTATE, would you withdraw those registered dollars knowing the government will withhold a good portion of that amount as withholding taxes?

We're talking abotu 10k... so let's say the taxes held would be 40% of that, then I end up with only 6k of my own money because yes I found a RE deal that to me would be earning a ROI of approx. 15-20%.

Let's hear it.

J