The tax-free withdrawals of a TFSA offer more flexibility, but the tax-deferred contributions to an RRSP are great for retirement. The type of account you choose will depend on your savings goals.

A TFSA is similar to other registered accounts, such as a registered retirement savings plan (RRSP). The main difference between a TFSA and an RRSP is that money you contribute to a TFSA is not ...

Are you not meeting the average? Then check out this ETF that can bridge the gap. The post Here’s the Average Canadian TFSA ...

The TFSA and RRSP balances might be short, but there’s certainly a way to grow them. Turning 45 can feel like a real ...

RRSP contributions are tax-deductible and, therefore, can significantly reduce your taxable income and obtain a larger refund ...

If you’ve run out of RRSP and TFSA room already, here’s how to grow your savings in Canada—without monthly fees and time commitments Canadians have many options for saving and growing their ...

Also, because you have non-registered money we should discuss if it should go toward your mortgage, TFSA or RRSP. Contributing to a TFSA or RRSP and paying down debt all have the same after-tax ...

In 2023, 11.3 million tax filers contributed to either an RRSP or a TFSA. Of those, 3.8 million contributed only to an RRSP, with a median contribution of $3,420. Another five million tax filers ...

Federal election approaching, Canadians are getting a clearer picture of where the major parties stand on issues that could ...

There’s a lot that goes into choosing the best TFSA, like your use of other registered accounts such as registered retirement savings plans (RRSP), your life stage, your level of comfort with ...

Are you getting ready to retire and wondering how much you should have in your RRSP or TFSA? If so, you could start by looking at the amounts that the average Canadian has in his or hers. Although the ...