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emergency fund

Classic question: RRSP, RESP or TFSA??

on Sat, 10/05/2013 - 11:35
*Updated: Nov 20, 2016
We all have limited resources... Lots of people asking the same question over and over again, among retirement savings, education saving for kids and tax free savings, which is the better way to save?
 
The answer is: it depends. I know, I know, you hate this answer. However, you need to understand everyone has a different situation so there is not ONE right answer to everybody.
 
Here is a list of things help you to decide which way is best for you:
- if you have lots of RRSP room and have no pension plan from your work place, RRSP might be a good choice;
- if