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?
Do you have a company pension? Do you want to eventually retire at some point? Say hello to Registered Retirement Savings Plans (RRSPs), your new best friend.