title
faq-2
x-schema-name
faqs
question
Should I contribute to my TFSA or RRSP first?
answer
It depends on your income and goals. If your marginal tax rate is low, start with the TFSA — your withdrawals will be completely tax-free. If you earn more and are in a higher tax bracket, the RRSP gives you a bigger tax deduction now, and you can defer taxes until retirement when your income may be lower. If you are saving for your first home, the FHSA combines benefits of both.
category
Accounts
relatedLinks
- self://#relatedlinks-a1b2c3