What is an RRSP scheme?

An RRSP scheme is usually a type of investment promotion offering a “tax-free” withdrawal to access directly or indirectly to your RRSP funds. Examples of these RRSP schemes include claims of the following:

Typically, promoters of these questionable schemes will direct the owner of a self-directed RRSP or RRIF to purchase a particular investment through a specific trustee. The particular investment could be shares in a company, units of participation in a co-operative, a mortgage, or other types of investments.

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