Knowledge Centre

Saving for retirement: Avoiding TFSA and RRSP traps – BNN Bloomberg

The BNN Bloomberg Advisor panel members continue their discussion of retirement savings, including how far the TFSA has come since its beginning, and how it now offers couples $120,000 of tax-free contribution space. The panel also discusses some of the common TFSA and RRSP “traps” investors should try to avoid, how to use RRSP loans to help clients, and the importance of reinvesting the tax savings, instead of just spending it all on luxuries like vacations.

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