RRSP Contributions - Friend or Foe?
It seems almost sacrosanct to question the benefits of making an RRSP contribution these days, but is it always the right thing to do, even if you can?
It seems almost sacrosanct to question the benefits of making an RRSP contribution these days, but is it always the right thing to do, even if you can?
Who doesn’t like free stuff? We do! And even though there have been some changes to the Tax Free Savings Account (TFSA) rules, the net effect is that the government has set up a program that results in some free stuff for your benefit.
There are a number of considerations to look at when choosing to deciding between an RRSP vs TFSA investment.
A common question is whether an individual should maximize their RRSP or TFSA contribution.
There are a number of differences between registered and unregistered investment accounts, but the main differences mostly revolved around tax.