Respecting a proposed swap of a savings bond held in an RRSP and a savings bond held in a non-registered account, before concluding that it was “subject to the concept of advantage either as a swap transaction or as an RRSP strip,” CRA paraphrased the "RRSP strip" definition and stated:
Therefore, a swap transaction that results in the reduction of an RRSP balance is considered an advantage under the definition of an "RRSP strip".