If you are one of the thousands of Canadians that flock south to Florida for the winter, you may be surprised to find out that the Internal Revenue Service (IRS) might consider you a U.S. citizen for tax purposes if you spend enough time there.
There are two common situations where contributing to a Tax Free Savings Account (TFSA) for long-term retirement savings makes more sense than a Registered Retirement Savings Plan (RRSP). Here are the details.
Tax Free Savings Accounts (TFSAs) are an excellent way to save money and (legally) avoid paying tax. But are they best for you?