Which is better? Tax Free Savings Account or paying down debt? Many have debated TFSAs vs RRSPs but what about TFSA vs paying down debts?
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Which is better? Tax Free Savings Account or paying down debt? Many have debated TFSAs vs RRSPs but what about TFSA vs paying down debts?
According to the BMO Financial group, 40% of Canadians still don’t know the difference between a TFSA and RRSP. This sounds like a high figure but in speaking to some of my peers, personal finance is not a topic most people enjoy to talk about.
Locked in retirement accounts (LIRAs) were created to transfer vested pension funds that you take with you if you leave your job prior to retirement.

Low interest rates are here to stay for a while. Is it better to pay off debt or try and invest for higher returns?

If you simply don’t have the money to come up with an RRSP contribution you may think that getting an RRSP loan is the only solution.
Three years ago I changed careers, moving into the public sector with a defined benefit pension plan, and I haven’t made any RRSP contributions since. Here’s why:

I think the Group RRSP - Group DPSP combo plan really gives the right balance of important issues to making a great plan.
I put my RRSP contributions on hold since changing careers; now that I have a defined benefit pension I\'m wondering what should I do with my RRSP?
Choosing the right Group RRSP investment strategies for your plan is really a personal matter. Here's three strategies that are commonly used.
Most Canadians choose a RRIF, or Registered Retirement Income Fund, as their retirement income option. Here are the RRIF rules you need to know.






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1 year 13 weeks ago
1 year 13 weeks ago