Why Canadians Are Ditching RRSPs for TFSAs — and Whether You Should Too
Many Canadians are favouring TFSAs over RRSPs in 2025. Here’s why — and how to decide which one is right for you.
Looking for information about the TFSA or Tax Free Savings Account for Canadians? Genymoney.ca’s got you covered! The TFSA is mislabelled as a savings account and should actually be an investing account. If you have lower income, the TFSA beats out the RRSP as to which one you should contribute to. Here are some posts to get you started.
Many Canadians are favouring TFSAs over RRSPs in 2025. Here’s why — and how to decide which one is right for you.
How do you invest with a Questrade TFSA? It’s actually very easy and this monstrosity of a post will hopefully explain the how and why, and the step-by-step on how to set up a lean mean TFSA investing machine portfolio. I promise I will explain …
Read moreStep-By-Step Guide on How to Invest your Questrade TFSA
Invest in a TFSA… that’s the best way to use the TFSA. It’s been over 10 years since the TFSA was introduced in 2009, and there are plenty of Canadians who still think that the TFSA is a savings account. I have stepped up on …
Are you wondering what happens if you over contribute to your TFSA? So you over contributed to your Tax Free Savings Account, right? Same here, my TFSA over-contribution sent me into panic mode for a few months when I was waiting for their decision of …
Read moreTFSA Over-Contribution (Step-By-Step On How To Fix It)
When the TFSA first came out in 2009, there was a lot of confusion about what the TFSA is (and there probably still is). Other than the fact that the TFSA is (mis)labelled as a “Tax Free Savings Account” when it should really be utilized …
This would not be a Canadian personal finance blog without the analysis of which one is better to invest in first, the TFSA vs RRSP. RRSP vs TFSA In this post, I will define the RRSP and the TFSA and talk about which one …