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20 Jul

RRSP’s vsTFSA decisions for homebuyers

General

Posted by: Angela Calla

Add RRSPs versus TFSAs to the list of decisions you have to make as a prospective homebuyer. 

 

Some serious saving is going to be required to meet the minimum 5% down payment for buying a home, not to mention the 20% threshold for avoiding costly mortgage default insurance. Two ideal vehicles for saving are registered retirement savings plans and tax-free savings accounts. Which is best? 

 

Click here to read more in the Globe and Mail.