Episode description
Today there seems to be all kinds of options when it comes to investment accounts. But knowing which one will benefit you the most isn't always obvious. Today we get a refresher on RRSP's and TFSA's but we also delve deep in to what a Non-Registered account is and when it's a good time to use one. Finally we talk about how you can maximize your savings and tax bill by using a combination of these different account types.
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Useful Resources:
RRSP: Contribution rule info: https://www.savvynewcanadians.com/rrsp-deduction-limit-carry-forward-and-over-contribution-rules/
CRA and Capital Gains: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4037/capital-gains.html