National Post Article: How to take a tax-smart approach to long-term savings
The National Post asked me to share my insights on the smartest, most tax-efficient strategies for young Canadians looking to build wealth.
This article is part of a special series aimed at Millennial and Gen Z investors who are focused on long-term financial growth.
Some key points that are covered in the article:
- The power of starting early & compounding.
- Why you should prioritize investment quality over tax efficiency.
- Using registered accounts strategically.
- How do RRSPs, TFSAs and First Home Savings Accounts (FHSAs) work?
- Should you prioritize RRSP, TFSA or FHSA if your income is modest or low?
- Is the First Home Savings Account (FHSA) a good option for first-time buyers?
- How can you invest to both minimize taxes and maximize long-term growth?
- Why does a financial plan make you wealthier?
CLICK THE LINK BELOW TO READ THE ARTICLE BY MARY TERESA BITTI:
How to take a tax-smart approach to long-term savings
Ed
Planning With Ed
Ed Rempel has helped thousands of Canadians become financially secure. He is a fee-for-service financial planner, tax accountant, expert in many tax & investment strategies, and a popular and passionate blogger.
Ed has a unique understanding of how to be successful financially based on extensive real-life experience, having written nearly 1,000 comprehensive personal financial plans.
The “Planning with Ed” experience is about your life, not just money. Your Financial Plan is the GPS for your life.
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