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04-09-2011, 11:44 AM
My Camel Larry
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Join Date: Apr 2011
Country: Canada
Posts: 4
vCash: 500
Originally Posted by Classified View Post
RRSP can only be taken to a max of $22k of the prior years income, and I doubt that non Canadians would pay into RRSP anyway. Also, charity donations only get 15% on the first $200, 29% on anything after (which I hope millionaires are on), so even not a lot.
Also your Home Mortgage payments in Canada are not tax deductible as it is in the States. That makes a huge difference for millionaires with big houses.

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