Apr 142011
TFSA vs RRSP — Which is Right? BOTH if you want your dream retirement!
Posted: January 21, 2010, 10:40 AM by Jonathan_Chevreau
With the annual RRSP season well under way PLUS the second year of the new Tax Free Savings Account (TFSA) program, it’s natural enough to ask the question whether one or the other is more suitable. Such is the nature of an “advisory” issued this morning by BMO Financial Group.
Related articles
- Everyone benefits from TFSAs (financialpost.com)
- Tax break works for all incomes (financialpost.com)
- Harper talks TFSAs: A supplement to RRSPs, not a replacement (theglobeandmail.com)
One Response to “TFSA vs RRSP Which is Right?”
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BOTH ARE RIGHTS. YOU USE A RRSP TO REDUCE TAX DURING WORKLIFE AND USE TFSA WHEN YOU DO NOT HAVE AN HIGH MARGINAL TAX RATE.