TFSA or RRSP?
The Optimal RRSP/TFSA Contribution
Now that we are in RRSP season, you may be wondering “How much should I contribute to my RRSP?” The proper way to figure this out is to identify your “optimal RRSP/TFSA contribution”. This is a key factor in every retirement plan.
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Ever since tax-free savings accounts (TFSAs) were introduced, there has been a debate about which is the best for retirement investments – TFSAs or RRSPs? To fully understand this debate, you need to consider your tax rates before and after retirement, including the clawbacks on seniors. I have seen no other articles anywhere that properly…
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