Registered accounts are the cornerstone of smart Canadian savings, but they encompass far more than just the well-known TFSA and RRSP. From securing your child’s education 🎓 to saving for your first home 🏡, Canada offers a powerful suite of tax-advantaged tools designed to help… Read More »Registered Accounts in Canada
An RRSP is a type of personal retirement plan that enables users to deposit and invest up to $29,210 in 2022, or 18% of their annual income. Tax-deductible and tax-deferred contributions ensure that money grows tax-free before being taxed as income upon withdrawal in retirement.… Read More »What is a Registered Retirement Savings Plan (RRSP)?
If you’re a newcomer to Canada and want to start saving and investing right away Tax-Free Savings Account (TFSA) is a great choice to consider. It took me a few years to learn about the TFSA. If you are new to Canada, I hope this… Read More »What is a TFSA?