Canadians have two government sponsored options that enable them to put away a retirement nest egg. Unfortunately many Canadians do not take advantage of the plans. RRSPs represent a tax deferment, while TFSAs are tax exempt.
With the growing popularity of Tax-Free Savings Accounts (TFSAs), a key question has started to come about across Canada: what's a better investment TFSAs or RRSPs? A new poll finds Canadians favour TFSAs.
With just a few weeks until the Mar. 1 deadline for the Registered Retirement Savings Plan (RRSP), a new poll suggests that a growing number of Canadians say they can't afford to save or invest, which will lead to a difficult time in the future.