RRSP vs TFSA
It's been a while! Sorry for the long time and not blogging. Now that I have a marketing assistant helping me (Rachelle), I got the reminder from her this afternoon "you have to write your weekly blog now"! You should be seeing more of these. :)
I promised you all that I would keep on top of these blogs and so I will be doing an article weekly. If you have a topic you would like to learn more about, let us know and we will get the topic in the loop.
So on that note, it's RRSP and TFSA season! The deadline to make an RRSP contribution is March 2 this year. This is because of the leap year and where it falls this year.
As for TFSAs, this year's 2020 contribution is $6000. The limit for TFSAs up to 2020 is $69,500.
In my readings, I ran across an article comparing the two investment accounts and it is an interesting read and provides some great information. The article is on the Ontario Securities Commission website and I hope you enjoy it.
If you want to get a deduction on your 2019 taxes and can still contribute to your RRSP, let's get together. I'm happy to help.
Have a wonderful Wednesday!