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11-29-2012, 03:46 PM
  #18
Ari91
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Join Date: Nov 2010
Location: Toronto
Country: Canada
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Quote:
Originally Posted by epo View Post
That's what they are doing in the first place.

So then Darche's comment is based on a situation where a player doesn't put the remaining money in RRSPs? He said you get back 13k and if you're smart you invest it but if they have RRSP accounts, the transfer could go straight to their accounts and that isn't taxable until you withdraw money out of it. Also, it might be an issue for players who make around league minimum because I think an RRSP contribution can't be more than 18% of your annual income.

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