RRSP, TFSA, FHSA, RESP: The ABCs of how to divvy up savings across accounts - BNN Bloomberg
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Article Excerpt
TORONTO — As many young Canadians head off to college and university, some will be fortunate enough to be able to tap into a registered education savings plan.
They will also be benefitting from the 20 per cent match on contributions to the plan, up to a set limit, because like other registered savings options, the government offers incentives for people to save for major life goals like school, retirement and buying a first house.
Financial advisers say that ideally, Canadians want to max out the contribution room on all of their savings plans, but with unemployment, the cost of living and …
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