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Coming Up

Mon 23 Cheesy comfort food & decadent chocolate dessert with Vanessa Gianfrancesco
SEE THE FULL SCHEDULE

You can still pay for your dream kitchen and save for retirement. You just need to know where to put your money – and where to take out your savings.
 

RRSP: Canadian government registered retirement savings plan

  • Funds contributed grow tax deferred; taxed once withdrawals start
  • Typically get a tax refund when you contribute

TFSA: general-purpose government registered savings account

  • Withdrawals are tax free
  • You can withdraw any amount at any time, being mindful of any product-specific restrictions,                    like a five-year GIC
  • More flexibility than RRSPs and no need to worry about losing government retirement benefits such as Old Age Security, or Guaranteed Income Supplement when funds are ultimately withdrawn

Non-registered Investments:

  • Offer a way to save beyond the allowable limits for RRSPs and TFSAs

Monday, January 28, 2013

Coming Up

Mon 23 Cheesy comfort food & decadent chocolate dessert with Vanessa Gianfrancesco
SEE THE FULL SCHEDULE