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TFSA or RRSP? February 2013

TFSA or RRSP? February 2013

Lately, one question clients are asking me is whether they should contribute to a Tax Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP)?  Personally, I really like the TFSA. however it doesn’t have to be an either or choice.  Why not do both? ...
Tax-Free Savings Accounts

Tax-Free Savings Accounts

Since 2009, Canadian residents aged 18 and older, can save up to $5,000 each year in a tax-free savings account (TFSA). The plans offer great flexibility: investments grow tax free, can be withdrawn at any time on a tax free basis, and can be used for any purpose....