Should you invest in RRSPs or TFSAs? We give you the pros and cons explain when one option is better than the other.
🤷♂️ What is the difference between an RRSP and a TFSA?
🥇 Should you contribute to your TFSA or RRSP first?
❓ How do RRSPs work?
❓ How do TFSAs work?
Joe answers these questions and more in this easy-to-follow video.
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🎥 CONTENTS OF THIS VIDEO
00:00 - Intro
00:57 - RRSP and TFSA General Overview
01:59 - How RRSPs Work
03:23 - How TFSAs Work
04:32 - RRSP or TFSA - Which Should You Use?
05:01 - RRSP or TFSA - Investment Objectives
06:36 - RRSP or TFSA - Expected Income Levels
09:16 - RRSP or TFSA - Investment Types
11:15 - RRSP or TFSA - Contribution Room
13:50 - Final Thoughts
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🔗 MENTIONED IN THIS VIDEO
► RRSP vs TFSA Blog Post
www.avalonaccounting.ca/blog/...
► How Marginal Tax Rates Work in Canada
www.avalonaccounting.ca/blog/...
► RRSP Contribution Limit Details
www.canada.ca/en/revenue-agen...
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