“Is it better to contribute money to your TFSA or RRSP accounts?”

Here are 5 criteria to help you decide whether you should contribute to your RRSP or TFSA.

But before you watch it, make sure you watch my previous video where I talk about the 7 differences between TFSA and RRSP here:    • TFSA VS RRSP |   7 Difference between...  

You need to watch this video first because it will help you understand today’s episode better.

In today’s episode, I’ll show you how to prioritize RRSP and TFSA contributions and also share my golden contribution rule.

If you have questions about this topic after watching the video, leave a comment below, and I’ll respond as soon as possible.

IMPORTANT: You can now preorder your copy of The TFSA Playbook for FREE.

Go here to place your order: www.TFSAPlaybook.ca

00:00 Intro
01:05 FIVE criteria to help you decide contribute to RRSP or TFSA
02:05 The 1st criteria:Income
05:59 The 2nd criteria: Type of Investments
09:23 The 3rd criteria: Split Income With Lower income spouse
11:20 The 4th criteria: Employer offer RRSP contribution matching program
12:31 The 5th criteria: planning to buy your First Home or Going back to school full time
14:05 Golden rule


#RealEstateTaxTips​ #RealEstateInvestors​​ #CanadianInvesting​ #realestateinvesting #TFSA #RRSP

Don’t forget to subscribe to my channel for more videos on Canadian real estate and taxsaving strategies, so you don’t miss a thing!

SUBSCRIBE TO OUR MAILING LIST AND CHECK OUT OUR BLOG: https://realestatetaxtips.ca/
So you’ll receive weekly tax tips and free real estate investment resources.

FREE INVESTING RESOURCE: https://www.therealestateaccountants....

FOLLOW ME ON SOCIAL MEDIA:
Facebook:  / realestatetaxtips  
Instagram:   / realestatetaxtips  


DISCLAIMER:

Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your own legal and tax advisors to ensure you get the advice you personalized for you.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability to the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information.