TFSA vs RRSP vs FHSA: Which to invest in or max out first?

[@LivinginCanada]

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[@imkriswithak1135]

Don’t forget. To buy that grand piano, in your example. Rrsp vs tfsa. If you withdraw from rrsp you will pay tax AND you lose that contribution room. With tfsa you can withdraw and then the next year you get that contribution room back. Making the tfsa the better choice in that sense. For me I’d do the fhsa, tfsa, then rrsp.

[@LivinginCanada]

Thanks for adding that!

[@kspec2001]

what a great video. thank you for covering Canadian financing. there is so many financial videos out there but the majority cover how it works in the USA.

[@markrosin8257]

I love how logical and easy your explanations are to follow. Thank you.

[@LivinginCanada]

Thanks for confirming that, I was hoping to make things clearer!

[@LeonardYuen-l5m]

I advised my niece to invest in this order: FHSA> TFSA> RRSP. Load up on FHSA ($8k per yr) to get both tax shelter and income deduction refund. TFSA is next with forever tax shelter investments earnings. Im my personal experience, large RRSP contributions through the yrs has been a big mistake. Now me and my wife are stuck with a large withdrawl each yr that bumps up our tax brackets and losing our OAS amounts as well as our over 65 yr tax deduction (around $1200per each yr). We are using pension income splitting to ease the pain. But it's still a major pain to have a large RRSP. When we die, more than 50% will end up in the government's hand.

[@LivinginCanada]

Thanks for sharing that! Something to think about!

[@benhaze1010]

It is frustrating but look at it from the angle that it is much better to be in a position where you loose the $1200/year vs. needing it. Did you think about pulling more from your RRSP before 71 and delay OAS and CPP benefits until 71?

[@LeonardYuen-l5m]

@@benhaze1010 We are prematurely converting some of our RRSPs into RRIF and withdrawing a portion each yr, taking advantage of the $2k deduction pension income. It helps a bit, but the bulk of the RRSP is still there. One thing we have been doing is to distribute some of our money to the younger family members to pay off their mortgages and other debts. In return we receive 2-3% repayment each yr from them. This way it lowers their monthly payments by as muich as 75% and lowers our tax burdens.

[@kawaiimitchiko7669]

Thanks for sharing..you saved a single parent of three kids and new to canada.....

[@Backtoreality1873]

This is a good problem to have. You are privileged indeed to have ‘too large’ an RRSP. Life is more than dodging the taxman. I hope you are enjoying a well deserved retirement.

[@dmitriysotnykov9928]

22 minutes packed with wisdom. Very structured and logical, and easy to understand. The only thing I don't understand is how you can speak for so long without filler words and not losing your train of thoughts. @living in Canada, how do you do that?

[@LivinginCanada]

Thanks so much! I take quite some time to prepare the material. After I write down the outline, I try to structure and optimize it to be as clear and concise as possible. Then I use my script and edit it tightly. That way, I hope, I don't waste people's time!

[@brianlau7827]

This video absolutely made my decision making a lot more straight forward in terms of where I want to contribute in my current financial situation. RRSP is certainly last priority account to contribute as it wouldn't make a difference to where I land in the tax bracket, so I'm gonna just let the yearly contribution limits accumulate over time and then probably use it if I want to get down to a lower tax bracket one year.

[@nickstark8479]

Just a note. The yearly limit accumulates only for TFSA. RRSPs contribution room is lost if no contributions are made by march of the following year.

[@damilarearowojobe5436]

Thank you for taking time to explain these concepts. I am more educated about personal finance than I was yesterday.

[@PeeGeeThirteen]

excellent advice, Young people too often ignore the HR emails about enrolling into the Employer Matching Group RRSP. Enroll!!!

[@LivinginCanada]

Yup! I guess at first it sounds intimidating and complicated, but it's really free money left on the table if not used!

[@dammar117]

Employer contributions to RRSP are a taxable benefit. Meaning that they increase your income. If your employer isn't deducting income tax on that extra income in your paycheck, you end up losing the advantage, because your RRSP deduction will only serve to offset that income tax you didn't pay in advance. I found out the hard way, so I cancelled matching contributions. Make sure your employer is deducting tax on your paycheck. E.g. If your salary is 100k and your employer contribution is 5k, payroll should be deducting income tax on 105k. Mine wasn't, only on 100k.

[@stephenn88]

It is directly going to your RRSP hence is it not taxed. That is the whole point of RRSP.

[@ShennaWerner]

What happens to the money when you leave the company?

[@truth92]

Your video is amazing! The flow is easy to follow and you explained the reason behind with examples. I love it!

[@LivinginCanada]

Thanks, I really appreciate that!

[@EdwinaAdombire]

Glad I found the page , very informative.

[@LivinginCanada]

Happy to hear that!

[@Northern_Squirrel]

When I started working full time, the decision was easy, it’s all about RRSP to save on taxes. No TFSA or FHSA was available. I do have TFSA since 2009. Great video and the decision tree is amazing for those need help in deciding where to put money first.

[@LivinginCanada]

The more choices the more confusing it can sometimes get, so yes I also found the chart quite useful. Thank you!

[@JayB-JayB]

So charming... and so intelligent 😊😊 Thanks for the extensive and important information!

[@LivinginCanada]

Glad if it’s useful, thank you!

[@Metoobie]

There is a real lack of practical financial education in schools. I have friends that max out their RRSP every year because their parents told them it's what to do, but in the meantime, they're carrying 10k on their credit card, quickly spiralling out of control.

[@tonsofresearch]

I am a trainee financial advisor and this video is helpful!

[@kanikamaheshwari9732]

I just LOVE WOMEN TALKING FINANCE & that too in such depth🥰💗

[@mariapawlicka2487]

Can you also do the video advising how to convert CAN$ in another country without transaction fees? All your videos are informative! 😊

[@LivinginCanada]

Thank you! Do you mean transferring C$ to another country, to their currency?

[@LivinginCanada]

Btw here's the link to the chart! instagram.com/p/CzWddtlusYP/?img_index=1 ➡Join Wealthsimple and get a $25 sign-up bonus when you sign up with my referral code: ZCZSZQ www.wealthsimple.com/invite

[@christianboisclair1354]

Instagram is a pain to configure, chart available where other than Instagram ?

[@mayordale8934]

Hi, I tried to use your link to open my TFSA and RRSP accounts, but it did not ask for a referral code. But the accounts were added to my wealthsimple portal. I have also been trying to add money to the TFSA, but I couldn't, it keeps asking to 'confirm my identity', even after uploading my ID and selfie 3 times.

[@anitalatina]

thanks for all of the tips!! :D I'm learning a lot form your videos

[@zggcdht8596]

What a great video. The flow chart is easy to understand. Steps are clearly explained. Thank you for your effort👍

[@mmors]

Great helpful video thanks very much, ive always wondered which order operation would best suit my situation this gave me some good insight.

[@gujaraticanadian]

Even if your mortage rate is lower, remeber that unlike the creditcard debt the mortgage amount will be significantly higher. So paying that off first should be the priority

[@alecc4137]

My biggest fear as a 23 y/o who wants to retire as close to 55 years old (60 max), and live in my own house by 35, is that if I max out my fhsa and buy a house and take on a mortgage and all other costs of home ownership, then I wont be able to contribute enough to tfsa fast enough to benefit from compound interest significantly enough to create a nest egg big enough to retire on.

[@yesloww]

Then try to max out both accounts every year

[@turntablesrockmyworld9315]

Keep in mind that owning a house (assuming no major renovations are required) will be cheaper than renting in most areas when you also consider that you'll have an appreciating asset. Here where I live, monthly rents are around $2000. But there are trade-offs too. Do what you can to save for a mortgage and max out TFSA contribution room through investments every year and never touch it. If you can't max out TFSA, contribute what you can.

[@KehindeOmikunle]

I need to come back and learn. Meanwhile, thank you!!!

[@ramintahouri270]

This doesn’t seem like the best strategy. I would do TFSA first then role it to either RRSP or FHSA close to the end of the year, depending on the goal. The reason is you are leaving tax free potential growth from interest that can be transferred to reduce income earned into either the two accounts.

[@albertanmotorcyclist6419]

the growth in a FHSA is tax free the same as a TFSA, but it also adds the benefit of reducing your taxable income. The FHSA is always going to be a better first choice than the TFSA if you are likely to buy a house

[@ramintahouri270]

@@albertanmotorcyclist6419 yes, but that is precisely my point, which you completely missed. FHSA/RRSP provide reduce income, so it is better to use TFSA for maximum tax free growth, which is then transferred just before the end of tax year, thus maximizing the reduction of income. The interest you earn on FHSA/RRSP does not act as income but on a tfsa what ever you withdraw going into either of those accounts reduces income. I hope my statements are more clear.

[@Sharonjo91]

@@ramintahouri270 Hi! I see your point about investing in a TFSA and then rolling it into a FHSA since you don’t have to pay tax in or out of that account. I wouldn’t put money from a TFSA into a RRSP though. Any funds that are going into a TFSA are after-tax dollars. If you take those funds and put it into a RRSP, you will get taxed again when you withdraw from the RRSP. Hope this is clear and helps!

[@tamiresreimer7565]

Thank you for sharing your knowledge!

[@tamerfadaly9612]

Can you please do a video "How to stop my wife from spending all my income" ? Thank you, I enjoyed this video, very informative.

[@LivinginCanada]

Interesting video idea! Was planning to do a video on 'How to managed your finances as a couple', based on my own experience.

[@tamerfadaly9612]

@@LivinginCanada Yes that sounds a lot nicer then the way i worded it.

[@littlelazywallflower]

yas queen great video! thank you

[@johnmatters8140]

If your buying and selling stocks on wealth simple, with the TFSA, do your gains count towards the contribution?

[@vancouverdiaries738]

Great video!

[@LivinginCanada]

Thanks!

[@greuser]

how about term life insurance?

[@scholargrrl]

The thing I'm wondering with the FHSA being a shorter time savings acocunt for buying a home, how best to invest it? I know longer term is much easier but the FHSA is max 15 years but probaly more realistically less than 10 years. Just feeling lost on how to figure out my investments that I want to put that l money towards to maximize the returns for my future home?

[@CyntaBear]

Question, if I have an RRSP on my own and my company does offer the RRSP matching contribution, can I choose both? What happens to the money when you leave the company? If you can take advantage of the company offer plus contribute to the one on your own, if you leave the company does your RRSP contribution transfer over to your side one? I know it will be linked on your CRA account. Would having both be ok as long as you stay in your annual contribution allowance? Does this make sense? Help, I have decisions to make

[@trumpolino1284]

What would you recommend to put into an TFSA?

[@filipelenfers]

Hello! Do you have any recommendations on where the emergency fund should go? Savings account?

[@babelfishdude]

TFSA because you can put stocks into it. Imagine acquiring Nvidia since TFSA inception, of which you were smart enough to "in kind" it to the TFSA. Absolute and utter win.

[@bhaalgorn]

You can put stocks in fhsas and rrsps too, you silly Billy. How did you not know that lmfao

[@akhilsharma20]

Just right now go and put money in btcx.b through tfsa, put in btc

[@babelfishdude]

@@bhaalgorn Yes, but you can't cash out easily. Although they did catch one guy "Fareed Ahamed" for investing $15,000 in three years of TFSA stockdaytrading when he made $617,371.24 I can imagine if he made $150,000 or less on $15,000 over three years - they might have let it slide. 18 year old with some hustle money? RRSP is too far off to even think about. 50 years from now the AI will probably replace human effort and productivity anyhow. $10 chocolate bar by end year? Spend or save, sometimes savers lose.

[@chrismarkenson2755]

@@bhaalgorn FHSA you have to buy a home within a year, RRSP taxed on WD on your tax rate, TFSA zero tax, DUMMY

[@pouyakhalili275]

recently opened an FHSA. Can I contribute all the unused room from previous years at once? Will this be reflected on my tax return for this year? If my partner also has an FHSA, can we combine both accounts to use for the purchase of our first home?

[@LivinginCanada]

You can only carry forward a maximum of $8,000, unfortunately (Different from the RRSP and TFSA where contribution room of all previous years accumulate). So it's best to fill the FHSA room asap so you get new room!

[@joebender3662]

You should be able to leave your money in your rrsp as long as you like and withdraw it as needed not what the govt mandates.

[@BhagatSingh-j4r]

great explanation

[@GlenMcDonald65]

I used your link to register. What is the minimum funding amount to trigger the new account bonus?

[@LivinginCanada]

Good news, it's just $1! But if you want to get a Mac or IPhone for free, you'll need to transfer $100,000 until Dec 13 :) (in that case, make sure to register for the promo) Cheers!

[@GlenMcDonald65]

@LivinginCanada I have signed up, just waiting for wealth simple to verify me

[@TheParadigmShiftTV]

When I get paid from my employer, I get what's left over AFTER tax. If I put some of that into an RRSP, why do I get taxed again when I want to use that already taxed money when I retire? We're getting scammed.

[@LivinginCanada]

Your salary from your employer is usually already taxed. When you put that into an RRSP, and claim your contributions, that will deduct the amount from your taxable income-making it lower, which usually results in a tax refund (so you get back the taxes you paid). If later you withdraw it, then you’ll have to pay taxes. That’s why it’s called deferred taxes. So in effect you’re only getting taxed once, but later upon withdrawal instead of now when you earn the money.

[@rossjackson2929]

Also, your taxable income in retirement is, for most, lower in retirement than when working. Your tax rate also is lower for most. You are deferring tax, but you be in a lower tax bracket. If you have too large of an rrsp melt it down before you are forced to withdraw in a rif at 71.

[@rossjackson2929]

RRSPs are particularly good for people in high tax bracket. It really depends on each person's situation. If you are capable of maxing out both do it.

[@ManpreetSingh-jd6pw]

Insightful

[@nadancho4057]

Thank you for the information. What happens to the FHSA account that my spouse opened before getting married? Can she still contribute and use it for future home purchase? Now we live together in a home that i own myself.

[@nancytan780]

You are AMAZING 🤩

[@chaseholomego3132]

This is great advice! ...but I think I'll just stick to my plan of saving up for my funeral.

[@cheekymonkeygirl3378]

I have been living in Canada for 23 years but 8 years ago, I opened a TFSA account and withdrew everything in less than a year and spent it all. Do you think I can use the yearly contribution limit for the past eight years like for instance if the yearly contribution limit was $4,000, from eight years ago, is that mean I have $32,000 contribution limit added to my TFSA? I would appreciate a response. Thanks. ☺️

[@billcarruth8122]

I would never put money into an RRSP. My employer offers the match up to 6k, but the money is managed by Sun Life. After you account for their management fees over the years there's really nothing left of that "free" money by retirement time, and their management has most likely been underperforming the S&P 500 the whole time.

[@JDior94]

Manulife is better for group plans

[@babelfishdude]

RSP is interesting in that it is a forced conversion to RIF at end of year at age 71. Either that or you can take a lump sum tax hit, or a combination of both. It often comes as a surprise to many that they might want to take the lump sum tax hit or early conversion to RIF at age 59 depending on circumstance. Regardless, TFSA does not have age restrictions on sell except for extreme one-off cases. I don't like the idea of deleting pertinent information BTW. Reported to YT.

[@User12345fan]

Is RRSP like a 401k? TFSA is an IRA, and where is the Roth version of these? I mean the one after tax.

[@HeartlessBasterd]

Roth IRA's equivalent version is TFSA. Infact, TFSA is much better as you can withdraw anytime you want and you gain the contribution room back next year. RRSP is combination of 401k + Traditional IRA. RRSP limit is 18% of income or ~$30k (changes by year, $31560 for 2024). So, if company matches your 5%, 10% goes to Group RRSP or DCPP. So, remaining 8% you can contribute to your own RRSP, like a traditional IRA. RRSP and DCPP are similar but in DCPP you can't withdraw till you retire. In RRSP you can withdraw to buy house or for learning but have to pay back. P.S.Did my best to explain. Do your own research

[@mrkcdrm]

so, if i wanted to retire early for example i'm 18 yrs old right now, which one should i max first? not looking to get a house because as a young adult, i wanted to explore the world more, so i'll be travelling.

[@easterntechartists]

She's wrong. Even if you earn more in future you should Max RRSP because deductions can be Carried forward indefinitely. But you have many Years of tax free compounding in RRSP.

[@YG-qe2po]

Thanks for your informative video, i have a question about FHSA, my husband has a job and he put 8k on FHSA, does make sense if i open it too when i have no income? We have a plan to buy a first home next year, thanks in advance.❤

[@IvansBikesBmws]

Good video. Thnx

[@LivinginCanada]

Thanks!

[@IvansBikesBmws]

@@LivinginCanada Are you happy that you picked Canada over Germany.

[@bernardobellini4947]

Smart, good-looking, well spoken and no ring on your finger... ;) Thanks for the videos and information... I will keep listening.

[@Gustagustapt]

So there’s a group rrsp? How do you start it?

[@ssss1705]

If i will save in FHSA but decided not to buy any house, will i taxed? Will they know that i did not use money for housing loan after withdrawing it? 😅

[@LivinginCanada]

Yes, during tax reporting you have to declare that you used the FHSA money to buy a home. If you withdraw the money to use for other purposes, the tax advantages will not apply.

[@ssss1705]

@LivinginCanada thank you for your response!

[@sourabh988]

Please share the link to the flow chart

[@LivinginCanada]

I just posted it as pinned comment!

[@alberto.vitale]

So the FHSA is tax deductible but TFSA is not?

[@dancrowley-2023]

What if you want to buy a home outside of Canada and you don't own a property in Canada.

[@famicomnintendo]

good question

[@LivinginCanada]

If you mean the HBP (Home Buyer’s plan), then the definition for First time home buyer, according to canada.ca is: “You will be considered to be a first-time home buyer if you did not, at any time in the current calendar year before the withdrawal (except the 30 days immediately before the withdrawal) or at any time in the preceding four calendar years, live in a qualifying home (or what would be a qualifying home if located in Canada) as your principal place of residence that either you owned or jointly-owned, or your current spouse or common-law partner (at the time of the withdrawal) owned or jointly-owned. “, the key here is ‘(or what would be a qualifying home if located in Canada)’, hope that clarifies!

[@dancrowley-2023]

@@LivinginCanada thanks for the reply and great content. Here is the scenario reworded: What if you are a resident/citizen of Canada, do not own property in Canada but you want to get on the property ladder by buying property that is located outside of Canada. What is the best registered account to use here ? They will not allow you to use HBP funds to buy a property outside Canada ?

[@benhaze1010]

@@dancrowley-2023The government will never sponsor you buying a home outside Canada with Canadian benefits (and it should't either). Also you will easily pass the foreign $100k asset which may have other taxation consequences for you.

[@dancrowley-2023]

@@benhaze1010 not entirely true. You could use a TFSA actually to offset the cost of funding a property outside of Canada. You will only be subject to income tax on that asset if you rent it out and possibly an exit tax if you leave.

[@ManpreetSingh-jd6pw]

Is it any age limit to do contribution in RRSP?

[@Nyang-j3q]

I cant seem to find this anywhere but could you clarify about the earning threshold? Is the annual income of 50k gross or net?

[@HeartlessBasterd]

That's a recommended one. Like the idea is if you gave

[@nurseuniceRN]

Too many words 🤯 Want to start investing too, but I don't know how. I want to maximize the part where I won't be charged as much tax from my salary will be working as a registered nurse. Is it safe to open TFSA first? I already had an account but didn't put anything yet. I have a GIC and high interest savings account to begin with.😊

[@LivinginCanada]

Putting money in an RRSP will defer your taxes to later when you withdraw it, meaning pay less taxes now, and the taxes you pay when you withdraw the money in the future will depend on your tax bracket at that time among others. When you put money into you TFSA, that money is after-tax money, the money has already been taxes according to your current tax bracket, but the money in that account can grow tax free.

[@npviking]

So many "it depends" that I feel like I have a lifetime supply of adult diapers 😂

[@he770z1]

Lets say my TFSA was 500k and i withdraw all of it. What is my contribition limit the following year? Is it 500k + the current year contribution room?

[@akhilsharma20]

Yep

[@dammar117]

Employer contribution to RRSP is not free money. I found out the hard way. It's a taxable benefit, meaning that you pay tax on it. Problem for me was that my employer wasn't deducting income tax on this increase to my income (which is what a taxable benefit is). In other words, say I earned 100k (i wish), payroll was deducting tax on 100k. But if my employer was contributing 5k, then my income was really 105k. But tax was deducted only on 100k. Sure, you can claim the RRSP deduction, but there's no advantage if that means you're offsetting a tax liability you haven't even paid yet. So, basically, since it was like earning 105k and having tax deducted on 100k only, I saw no advantage in receiving employer contributions. Better off contributing myself that extra 5k, which means bringing my taxable income to 90k after paying tax on 100k (vs bringing it down to 95k after paying tax on 100k).

[@stephenn88]

Why do you think they will not tax on the matching RRSP? Even your parking expenses is benefit

[@dammar117]

@@stephenn88 That's not the issue. Please reread my comment. My issue is precisely that tax wasn't deducted, so I had to fork it out at tax time.

[@stephenn88]

@@dammar117 why could you want it to be taxed before going into RRSP? You want to government to keep your money longer?? I’m worrying about your intelligence

[@dammar117]

@@stephenn88 I'm not sure you're actually reading my posts. My contributions are not taxed, but my employer's are. If my employer contributes 5k, that's 5k worth of taxable income. You have to pay income tax on that money. Maybe you can technically net it out when you claim the total RRSP contributions (EE + ER), but your own contributions are never taxed to begin with, so rather than just netting the tax out, you actually get a tax benefit with those. All I can say is that because my employer didn't deduct income tax on their contributions, I had to pay it to CRA when doing my taxes, thus reducing my refund. I would have been better off getting a salary increase and putting that increase as my own contribution. Look up what taxable benefits are.

[@stephenn88]

@@dammar117 You will be paying the same tax either way. but why would you want to pay the government up front?

[@ScottTaylor-k4g]

Jones Edward Gonzalez Helen Taylor Larry

[@a.j.somarriba6401]

Im sorry but what planet/country are u referring too...u have not included car expense, housing expense or do u knownhow much food is a month for 1 person who lives alone in Montreal at least $400 a month ..not of this works after taxes. Good luck

[@LivinginCanada]

The video is about strategizing between the different savings accounts, you can replace the numbers anyway you like.

[@C2C19]

These are not products but envelopes

[@krunalparekh435]

Dear Mam, Sorry to ask you a different question than the topic of video. I am krunal from India, me and my wife received Canada COPR in sep 2023. Then in oct 2023 we blessed with a baby boy. So I have made his passport and birth certificate to raise a webform in dec 2023. Since then I am raising the webforms once a month. IRCC replied that they add baby name in file and send the file to the responsible office. Till date I have not received any mail asking the generic form, family form etc. Now my COPR is going to expire on 14 april 2024. What should I do? Should I wait to add my baby in PR app.? Or I should fly alone before COPR expired?

[@krunalparekh435]

Please reply anyone as it is important for me.

[@franconeza3764]

Plz dont leave your baby!!! I assume there should be an agency where you can ask regarding your concerns like Embassy etc Search and pray God will answer you in the right time and do not worry! Everything will work out perfectely. And plz, your baby needs you more than anyone in this world! God bless You!

[@krunalparekh435]

@@franconeza3764I have called the high commission office but they said webform is the only way, they cant reply like on phone. Perhaps, Glad that you reply. I understand your view. I also believe the same.

[@LindaLinda-ld8lx]

If you and spouse dies, does your child get RRSPs

[@benhaze1010]

Only if you set it up that way and they have the contribution room

[@offnl_]

Hi, is it best to invest RRSP through GIC if I'm considering to withdraw it for HBP?

[@LivinginCanada]

*This is not financial advice*, but personally, if I wanted to buy my first home, I would first put money into an FHSA, because that doesn't need to be repaid. If that's full, and I need a bigger sum, then I would put some into an RRSP. Considering the current interest rates, I'd invest at least part of the funds in a GICs but make sure that I can redeem it in the time that I'll need the money for the home.

[@DaStockAnalyst]

U from toronto?

[@LivinginCanada]

I’m based in Toronto!

[@HemiJB91]

First question, who the F still has money to invest or save lol. FHSA is a joke. Get that out the way first. RRSP is still the best choice. My employer allows us to claim there matching contribution for filing taxes witch is a bonus. So if I contribute 8k and they put in 9k, thats $17k i can claim. Not all employers do that. Its still better to use the RRSP to buy a house cause you avoid the tax penalty and have to payback what you took out i think, within 10-15 yrs so you dont lose the return rate at retirement. RRSP contribution puts you in a lower tax bracket. TFSA can be good, but like i said, who has money nowadays in canada with a record household debt in the G7 lol

[@overthechemtrailsky5930]

It’s all. Scam. No one knows the banks charge fees when you take out from RRSP when you retire eating up a lot of the money my father learned this

[@DavidAdlawan]

Government things

[@JonathanChiasson-s4h]

All these accounts are garbage.

[@Lis10er]

I agree! The government tracks on your money, and/or they're taxable anyways! Hindsight, I would not, ever, never, go near an RRSP! Should have used the $avings to pay down my mortgage or buy a second property and would have come out further ahead!

[@alien_from_somewhere]

China and China people 😂

[@misstaxighana7653]

I find your comment rather pathetic for such an inclusive society and century. Bless!