RRSP, TFSA or Spousal RRSP?

It’s decision time: RRSP, TFSA or Spousal RRSP?

Saving money is important, but it is not always clear what savings vehicle is best for your situation. Should you go with a Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) or for those of you who are married or in a common-law partnership, a Spousal Registered Retirement Savings Plan? The answer to that question depends on you – your goals and your financial situation.

The info-graphic below is a guide to help you think about what you should consider before making a decision.

Click on image to enlarge it

RRSP, TFSA, Spousal RRSP or any combination of these

 

We understand that finances can be difficult to navigate. That’s why we encourage you to speak to a Certified Financial Planner® (CFP®) professional at CDSPI Advisory Services Inc. who can develop a financial plan that is as individual and unique as you are, and help you make the best decisions for you.

Call: 1-800-561-9401 or email: investment@cdspi.com