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Tax Deferred is Tax Saved

posted Sep 10, 2014, 11:53 AM by Margaret Lin CPA, CGA, CFP   [ updated Sep 12, 2016, 10:06 PM ]
Tax deferred means you can pay taxes at a later time when you are in a lower tax bracket; also by discounted tax dollars.

For example - You can distribute your own corporation surplus to you at a later time by way of dividends.

RRSP is another very popular tax deferral vehicle.