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Hi, this is Richard from claimbackmytaxes.com. You are here because you know you pay too much in income tax each year. You see those deductions on your paycheck every month and you know that it is a big chunk of the money you make. I am here to tell you that you do not have to pay all that tax at the end of the year. That you can get back all of that income tax, I can show you how it happens, how it works, why it works and why you should do it.
I am going to talk in this video about how a tax shelter compares to an RSP. A lot of people think that an RSSP is a tax shelter but really, it is not. What a tax shelter does is it shelters your income but only temporarily. When you put money into the RSP, you are hiding it from the tax man for a few years.