INCOME TAX $ 16000 nope it was just not enough taken off.for the goverment end

[cwatkins]

Originally Posted by mike31154

You may have misread, I don't think he withdrew money from an RSP. He/they took out a loan to buy RSPs in order to bring taxes down.

Ah, then it really sucks

As global mentioned, maybe look into incorporating and going the dividend route. Works well for me, but I guess each case is different. Just keep in mind you wouldn't be paying into CPP or EI... So that's one downside.

Cheers.