Utilizing Canada’s registered accounts to maximize their benefit requires a proper investment strategy.
Many investors have questions surrounding the benefits (and traps) of the Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA), and the newly introduced Tax-Free First Home Savings Account (FHSA), such as:
- Why should I contribute to my RRSP and my TFSA?
- At what time during the year should I contribute?
- Should I contribute to my RRSPs solely to generate a tax refund?
- How should I, as an investor, view registered accounts as part of my overall portfolio?
- How does the introduction of the new FHSA change the way investors plan for a home purchase?
During this event, Stephanie Pantaleo and Drew Sutherland discussed these questions, and weighed the different investment and tax considerations surrounding registered accounts.
