If you earn around $50,000 a year in Canada, you have probably heard the same advice from everyone: "just contribute to your RRSP" or "just use your TFSA." The truth is less exciting but far more useful. Neither account is the automatic winner. The winner is decided by one number: your marginal tax rate today versus your marginal tax rate when you withdraw the money. Get that … [Read more...] about TFSA vs RRSP: The $50,000 Rule That Picks the Winner for You
Earn, Save, Live Life.
We should be grateful for what we have and grateful for what we don’t have. There is two medals to a story and sometime it is not always what you think is good for you, that you should have it. Earn, Save and live Life.