
TFSA, RRSP or Both?
Should I contribute to a TFSA, an RRSP, or both? - Determining the best approach The debate over whether to invest in a Registered Retirement Saving Plan (RRSP) or a Tax-Free Savings Account (TFSA) comes up every year. Both are excellent tools that allow you to shelter investments from taxes, and both have their place in a well-defined financial plan. Here are some factors to consider as you decide which type of account to save in.