What is the advantage of RRSP over TFSA? What is the advantage
of TFSA over RRSP?...
50.1K
Verified Solution
Link Copied!
Question
Finance
What is the advantage of RRSP over TFSA? What is the advantageof TFSA over RRSP? What is the advantage of each (RRSP and TFSA)over a regular taxable investment account?
Answer & Explanation
Solved by verified expert
4.3 Ratings (716 Votes)
An RRSP is a registered retirement savings plan It is a type of savings account in which the contributions made into the account are taxdeductible However the the amount withdrawn later is taxable A TFSA is taxfree
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
