Is there a way to donate to a charity straight out of an RRSP?
That way I get the RRSP tax deduction benefit and at same time can also contribute to a charity.
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Sign up to join this communityIs there a way to donate to a charity straight out of an RRSP?
That way I get the RRSP tax deduction benefit and at same time can also contribute to a charity.
I'm pretty sure you can't do what you are asking, for exactly the reason you say - you would get a double tax deduction. The only way to get money out of an RRSP is to withdraw it and take the tax hit, whatever the reason for the withdrawl.