All contributions are tax - deferred, but you and your employees will pay taxes on withdrawals in retirement. (outliermodel.com)
But although contributions from your paycheck won't be deducted for income taxes right away, you will pay taxes on your withdrawals when you retire. (gobankingrates.com)
When you take money out of your RRSP, you have to pay tax on your withdrawal at the same rate as ordinary income in the year you make the withdrawal. (tsinetwork.ca)