QUESTION #2(6MARKS) (CANADA) Your brother Michael has just started working as an engineer with a...
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QUESTION #2(6MARKS) (CANADA)
Your brother Michael has just started working as an engineer with a starting salary of $75,000. He wants to start saving some of his earnings for his retirement. He is single and has heard that he can save in either a TFSA and/or an RRSP.
Give Michael four(4) bulleted points as to why he should invest in an RRSP and two bulleted points why he should invest in a TFSA.
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