WHERE SHOULD MY SAVINGS GO: AN RRSP OR A TFSA?
As we begin the year with renewed focus, now is the perfect opportunity to kick-start your tax and retirement savings. Maximize your Tax Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP), and take advantage of your new 2018 contribution room. To ensure you get things started on the right path, we have some great tips and strategies to help you optimize your contributions.
The 2018 TFSA contribution limit remains at $5,500, and available from January 1, 2018. The 2017 RRSP contribution deadline is March 1, 2018.
What’s the difference between an RRSP and a TFSA?
Six tips for getting the most from your RRSP and TFSA contributions: