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Before making a major financial decision you
should consult a qualified professional.
If you are in the lowest tax bracket, it may be better to put your
money into a Tax Free Savings Account (TFSA)
rather than an RRSP. When you are in a higher tax bracket, the funds
can be transferred from the TFSA to the RRSP. This would result in
an RRSP contribution equal to the market value of the investments in the
TFSA at the time of the transfer.