Money123: Should your savings go into an RRSP or a TFSA?
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Money123: Should your savings go into an RRSP or a TFSA?
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Registered retirement savings plan (RRSP)
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Sudha_financialconsultant on Instagram: "An Ontario couple with a combined income of $220,000 maximized their available RRSP contribution room for the year. This resulted in a tax refund of approximately $19,000. They reinvested the refund by contributing to their child’s RESP, qualifying for the full annual government grant, and directed the remaining amount into their TFSA for tax-free growth. All contributions were invested in an assumed 12% return investment strategy within their registered
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