TFSA or RRSP : Which one works better?

Author Boris
Category 2. Investments Accounts Basics

As we learned before, both a TFSA and an RRSP let your savings grow tax sheltered. So how are they different?

Generally, you will come out ahead with a TFSA if you are in a higher tax bracket when you make withdrawals
Generally, you will come out ahead with an RRSP if you are in a higher tax bracket when you make contributions

Was this article helpful?

Yes No