What is the difference between RRSP and TFSA?

Which one should I get started with?

One of the most common questions I receive every week is, “What is the difference between an RRSP and a TFSA and which one should I get started with?”

What is the difference between an RRSP and a TFSA and which one should I get started with?

First, what does each acronym mean? An RRSP is a Registered Retirement Saving Plan, and a TFSA is a Tax-Free Savings Account. Both are provided by the Canadian government as incentives for Canadians to save, primarily for retirement.

RRSP vs TFSA

LET'S GET IN TOUCH

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