It is quite ridiculous to equate legitimate tax deferral arrangements (RRSPs) and limited amount tax free accounts (TFSAs) with making expensive and convoluted arrangements to avoid paying tax on investment income that for obvious reasons are not available for everyone.

RRSPs and TFSA are specifically authorized in the tax act. Off shore accounts that typically are first identified by calling them loans and then repayments are, at best, in the grey area of tax planning and are not authorized at all in the tax act.

So no, nothing hypocritical at all about my comment.