RRSP vs. TFSA

TFSA vs RRSP?
I'm not going to lie, this is one of the most common questions I get asked. Find out how they work and which one is right for you in under a minute!
#Shorts #TSFAvsRRSP
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[@TPoilers]

The key is what you do with the tax refund that you get by putting money into a RRSP…. Your tax refund can be received 2 ways: 1/ tax is reduced at source and you pay less tax every pay check 2/ when you file your tax each year you get a check for your tax return. “If”, like most Canadians you don’t reinvest your saving in tax, then the RRSP is worst investment choice. You would have been better off investing in a TFSA. This is obviously assuming that the goal for the investment was retirement