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17: TFSA vs. RRSP

Money Feels

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The TFSA vs the RSP

TFSA contributions come with after taxing income. RSP contributions you make and then get relief on your income taxes. The CRA is waiting for their cut because they're like, we gave you a tax break. We're going to get the taxes later. But when you compare these side by side, the dollar ends up exactly the same. You're not winning by choosing one account.

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