Trying to figure out whether to use a Tax-Free Savings Account or a Registered Retirement Savings Plan? In this video we show you how you can figure out which is one is better and when.

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Intro (0:00)
Basics of TFSAs and RRSPs (0:27)
Comes Down to Goals & Tax Perks (1:58)
Poorly Timed RRSP Withdrawals (3:00)
Using Both (3:51)
Which is Best for Retirement? (4:14)

Links:
RRSP Explained video:    • RRSPs: Are They Even Worth It? // Can...  
TFSA Explained video:    • TFSA Basics and How To Use it Like a ...  
TFSA vs RRSP Calculator: https://ativa.com/tfsa-vs-rrsp-calcul...


DISCLAIMER: The content and opinions on this channel are for informational and educational purposes only and none of it is (nor is it intended to be) investment advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and does not provide specific recommendations. Those looking for specific investment advice should seek out a registered professional. Rhys Martell is not responsible for any investment decisions taken by anyone other than himself.