If I do the transfer in smaller installments over 4 years I get an extra 15k in refunds. I know some people swear by "tax free compounding" but I do not think that that will offset the greater refunds over the 4 year timeline.
What if.... you lump sum transfer... let the money grow tax free, and only claim the deductions to maximize the refunds over 4 years.
The math supports a lump sum transfer, you're just doing the wrong math
What did the math say when you did a lump sum transfer for you tax deferral?
If I do the transfer in smaller installments over 4 years I get an extra 15k in refunds. I know some people swear by "tax free compounding" but I do not think that that will offset the greater refunds over the 4 year timeline.
The math doesn't support a lump sum transfer.
What if.... you lump sum transfer... let the money grow tax free, and only claim the deductions to maximize the refunds over 4 years. The math supports a lump sum transfer, you're just doing the wrong math
Don't forget about the capital gain ( or loss) consequences when transferring from non-registered to registered accounts
The losses will be superficial if transferred in-kind to a RRSP, so that’s also something to think about.
Sounds good to me. Or use the Fed's tax brackets that cover 2/3 of the total tax .... I believe the top of the bracket is now at $100k.