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Still not too late to contribute to RRSP for 2016

on Fri, 02/24/2017 - 23:59

I was chatting with a prospect who stated he would do some RRSP in the last meeting and then changed his mind after the paperwork was submitted. He said he made the decision too fast and decided not to put the money in. Welll, the transaction didn't go through, of course. 

So we chatted on the phone and he said he flavors TFSA more than RRSP. I have no specific preference on either, to me, it comes down to what works best and it is only an "account type". Most of the time (between TFSA and RRSP), you have very similar investment choices under the two. 

He mentioned he "wouldn't be taxed