Using RRSP to make a Canadian mortgage deductible - NO

Message: question for david ingram:
in reading this passage from your november 2001
newsletter, i am wondering if  this strategy can be used for
mutual funds held in a rrsp?
quote from newsletter:

"for instance, if all you have is a mutual fund account with
reinvested dividends, take the dividends into your
own hands and pay down the mortgage and
borrow the money to buy “about the same” amount
of mutual funds that the dividends would have
bought. this works, even if you borrowed the money to
buy the mutual funds in the  first place. "

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david ingram replies:

This does not work for money that is tied up in an RRSP. �