At this time of year there are a lot of ads out there about getting a Registered Retirement Savings Plan (RRSP) and it can be confusing. Can you imagine laughing and smiling as you learn more about both these RRSPs – and also about Tax Free Savings Accounts (TFSAs)?
The “OG” – The Original Granny” may cause you to experience this reaction!
Advice from Grandma on the RRSP and TFSA outlines the main features of RRSPs and TFSAs using a video, an infographic – and traditional printed lists.
As to the question of which to choose – check out their article at RRSP vs TFSA: Which is better? to learn about the pros and cons of each.
This information is from “It’s a Money Thing”, a financial education series supported by credit unions across North America, including Vancity Credit Union.