Differences Between RRSPs & TFSAs That You NEED TO KNOW

- https://youngandthrifty.ca/tfsa-vs-rrsp/
- https://www.taxtips.ca/

Learn more about our services: https://www.parallelwealth.com/planning

There are some differences between RRSPs and TFSAs that you should know that will allow you to use each account as efficiently as possible. The worst possible decision is to use neither, so make sure you get a basic understanding of both so you can starting working towards your retirement funds!

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning or email [email protected]

OUTLINE:
0:00 - Introduction
1:16 - General TFSA Info
3:56 - General RRSP Info
6:26 - Don't Choose Neither!
7:31 - RRSP vs TFSA Comparison
18:17 - Other Factors
22:02 - RRSPs Close To Retirement
23:38 - Summary

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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.