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
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: firstname.lastname@example.org