The 6 million dollar question is, should I invest in TFSA or RRSP when planning my retirement. The short answer is that "it depends".
There are 3 key factors: your marginal tax rate and how you plan to use any tax refund received, and how accessible you need your money to be. Is the tax deferral right for me, will I use my refund to reinvest, and how much available cash do I have on hand for emergencies.
TFSA's can double as both a retirement investment as well as a storage place for emergency funds. RRSPs are a great tax defferal vehicle, but have consequences. read more...
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