An RSP (Retirement Savings Plan) can refer to a number of retirement accounts, while an RRSP (Registered Retirement Savings Plan) refers to one type of account specifically. Many financial institutions prefer the term RSP because it’s less wordy…
Are you wondering about the better choice between TFSA vs RRSP? This is one popular question out there. The decision of whether to invest in a tax-free savings account (TFSA) or a registered retirement savings plan (RRSP) is one many people find confusing. Both accounts help you save for retirement, offer tax benefits but work …
TFSA vs RRSP: How to Choose the Better One for Yourself Read More »