RSP or TFSA? Here's how to know which plan makes the most sense for you this year.

Elaine Crook - Feb 15, 2019
When it comes to pensions, most Canadians don’t have a plan at work, so you should be saving for retirement through your registered retirement savings plan (RRSP) or tax-free savings account (TFSA). But which of these plans makes most sense?

When it comes to pensions, most Canadians don’t have a plan at work, so you should be saving for retirement through your registered retirement savings plan (RRSP) or tax-free savings account (TFSA). But which of these plans makes most sense? The truth is you should have both, and the plan you contribute to could change from year to year. Consider these guidelines.

 

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