Putting some money away for the future is always a sound idea. However, with so many investment opportunities, some of which may require tax payment on income earned, which one is the right fit for your client and their savings goals today?
Tax Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs) are both available savings tools and can house many of your client’s investments while helping to defer or reduce their tax obligations. But there are a few things to consider…
Share the client-friendly version of this video with your clients, part of our INFOclip series, to help them better understand both of these savings vehicles, including eligibility, contribution limits, tax considerations and more!
If you’re interested in sharing more RRSP and TFSA related articles, be sure to check out What is an RRSP and How Does it Work? and TFSA vs RRSP vs Both. What’s Best for Me? And if you have any questions about any investment topics, please do not hesitate to contact your local PPI Collaboration Centre.
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INFOclip: RRSP vs TFSA