Pay Less Tax: Best Investment & Debt Order for Canadians

Описание: How to pay less tax, use the best investments in Canada, and properly pay off your debt. Debt and taxes are an important part of financial planning and when determine the best, optimal order for investing our money in Canada, the rules in the U.S. may be similar...but don't translate entirely over to Canadian investments and our financial and government structure. Things are a little different here in Canada.

This video gives a breakdown of the proper, and what I feel is the best order to decide between investing in an RRSP (registered retirement savings plan), TFSA (tax-free savings account), FHSA (first-home savings account), RRSP employer matching programs/group RRSPs/ESOs, high-interest debt, low-interest debt, making an extra mortgage payment or completely paying off your mortgage, RESP (registered education savings plan), and investing (investing in taxable accounts and growing our wealth).

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   • AMM - Canadian Finance (RRSP, TFSA, FHSA, ...  

#canadianinvesting #rrsp #2024taxes #debt

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DISCLAIMER: I am not a Financial Advisor, and please consult a professional as I create my videos for entertainment purposes only. I am merely sharing my personal opinion. Please use your own discretion with your finances and your investments. Use your knowledge and intelligence to seek out the best advice for YOU.