Hi BB,

I'm not an accountant but that scenario only works if you have unclaimed RRSP from the past.  The yearly limit is (for 2007) only $19000 so you can't get the tax refund for the entire $43,800 only $19000+ unused amount from previous years.

Rockaur

see below for CRA page

http://www.cra-arc.gc.ca/tax/individuals/topics/rrsp/contributing/limits-e.html

The maximum RRSP deduction limit for 2006 is $18,000. However, if you did not use all of your RRSP deduction limit for the years 1991-2005, you can carry forward the unused amount to 2006. Therefore, your RRSP deduction limit for 2006 may be more than $18,000.

The maximum RRSP deduction limit for subsequent years is as follows:

• 2007 - $19,000;
• 2008 - $20,000;
• 2009 - $21,000; and
• 2010 - $22,000.