[!LittleDragon]

Here's my quick tip... top off your TFSA before your RRSP.

Inside your TFSA, invest in things that pay you monthly or sell call options on the things you already have in there.

Every month, withdraw the profits (dividends, options premiums, etc)

Put the profits into your RRSP. You're now essentially funding your RRSP with money you made tax free.

Your RRSP contributions should now trigger a tax refund. Take the tax refund and put it back into your TFSA and repeat.

Since you withdrew money from your TFSA, your contribution room for the next year is actually Previous Available Contribution Room + New Contribution Room For Current Year + Whatever You Withdrew the Previous Year.


That's the best tax cheat code I can give you without getting into incorporating.