Sunday, October 11, 2009 0 comments ++[ CLICK TO COMMENT ]++

A simple comparison of TFSA vs RRSP (Canada only)

(This post is only relevant for Canadians)

I ran across the following article from The Globe & Mail illustrating a simple comparison between investments in TFSA and RRSP accounts. Do keep in mind that the final outcome, as described in the text at the bottom of the table, can vary if the tax rate changes.

Basically, there is no difference in the outcome whether you use TFSA or RRSP. However, as the article points out, if you are withdraw when you retire, your tax rate may be lower (since retirees tend to have lower income.)

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