Tax Free Savings Account vs. RRSP

We are just a few short weeks away from the deadline for contributing to your RRSP for the 2008 tax year. March 2nd, 2009 is the final day to make your contribution.

One of the questions many people have this year is regarding the choice between a TFSA or an RRSP? Truth be told, it really isn't a 'choice' as you can and should take advantage of both investment vehicles as they compliment each other well. However, there are important differences between them that you should know about.

Here is a video produced by Interior Savings that illuminates nicely the differences between a TFSA and an RRSP.

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· Tax Free Savings Account vs. RRSP

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