2 thoughts on “RRSP or TFSA? (You may be surprised)

  1. “In an RRSP the tax deferred (though commonly referred to as a “refund”) is relatively small and is typically taxed later at a much higher rate” I like the way you explained that, it helped me clarify how to model and contrast the two. I wonder $10K, invested equally, how would it turn out (assuming the same investment gains) for someone who earns an average of $50K a year for their career, and for $100K a year… would the choice between RRSP and TFSA be different? Without having done the math yet, I’d guess TFSA and RRSP respectively, but I’m prepared to be surprised. 🙂


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