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Tag Archives: Contributions
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June 25, 2012
- Masters of Money
Registered Accounts: Registered Retirement Savings Plan
An RRSP is a special account used to save for retirement and it has distinctive tax advantages. Unlike other registered accounts (such as a registered education savings plan or a tax-free savings account), RRSP contributions are tax deductible, meaning they are made with pre-tax dollars. MORE
Tagged Contributions, Funds, Income, investment, rrsp
December 23, 2011
- Masters of Money
RRSPs or TFSAs? Both!
The ongoing theme of this blog is to achieve financial independence through minimizing spending and maximizing saving and investing. It should, therefore, come as little surprise that my answer to those who ask whether they should make an RRSP or a TFSA their priority is a definitive “Both!” MORE
Tagged Contributions, rrsp, tfsa
