TFSA vs. RRSP: Which one is the right fit for you?
Although Registered Retirement Saving Plan (RRSP’s) and Tax Free Savings Accounts (TFSAs) are similar, they have some distinct differences. One or a combination of both may be more suitable for you depending on several factors such as:
- Investment time horizon
- Current income
- Expected income after retirement
- Your individual goals
Speaking with a licensed investment advisor who will help tailor a financial plan specific to your resources and goals is an excellent starting point.
Rothenberg Capital Management advisors are able to establish individual client plans and work with you to manage and adjust the plan according throughout the different stages of your investment lifetime.