TFSA vs RRSP vs Personal (Cash) Account Explained For Beginners

Описание: In this video, I talk about the TFSA, RRSP and Personal/Cash accounts which are all available on Wealthsimple Trade. I also go over how to optimize cash between these three accounts in order to reduce taxes and increase tax free gains.

Tax Calculator:
https://docs.google.com/spreadsheets/...

TFSA contribution room calculator: https://www.moneysense.ca/save/invest...

Eligible and In-eligible dividends:
https://taxpage.com/articles-and-tips...

RRIF Information:
https://retirehappy.ca/minimum-income...

#tfsa #rrsp #nonregistered #cashaccount #personalaccount #wealthsimpletrade

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CONTACT INFO
Email: [email protected]

Instagram: @thefiregrind
I post my portfolio along with the most recent moves I make

I am a big believer in stock market investing as one of the main ways to achieve Financial Independence. If you are too, I would love for you to join me on this journey as I track my progress towards Financial Independence. The day that I can reach that goal will be the day I Retire Early and do the jobs in life the I love without caring about the paycheque. I hope to build a community of like-minded individuals who want to reach financial independence while living a reasonable life because what good is money if you die early from only eating instant noodles (for the record, I love instant noodles)!

Note that this is NOT professional financial advice but rather documenting what I have learned over the years I have been investing. I want to share my journey with you to inspire you to take a hold of your finances and not fall victim to debt.