TFSA vs RRSP- Canada’s Registered Account Faceoff
The eternal questions I get every year, especially around tax season, are:
- Should I max out / invest in my RRSP or TFSA?
- RRSP or TFSA, which is the better option?
- Which one should I be concentrating on?
- What is the difference, is one better than the other?
MDJ hears you, and we have put together a catch-all guide answering all of the questions about RRSPs and TFSAs, including what they are, how each works, and calculating the impact of choosing one over the other.
Why RRSPs or TFSAs?
Lets start with…