It is often said that the simplest solution is usually the most effective, and in the case of avoiding taxes the expression holds true.

The best tax loophole you’ll find is contributing to your RRSP. Yes, we know it sounds mundane, but it’s true. So quit whining and make that contribution.

And if you’re looking for ways to stretch your RRSP contributions even further — or weigh them against pension contributions — read more coverage here, here and here.