@officialmariozelaya: Hope this helps some of you get started. Especially young kids with part time jobs. It starts slow, then accumulates fast: it’s a compounding effect. #investment #education

Mario Zelaya
Mario Zelaya
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Region: CA
Wednesday 12 February 2025 00:45:07 GMT
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kinger9999
kinger9999 :
So you get text on the money you put into an RSP and then when you pull that money out you get taxed again
2025-02-12 01:49:23
3
alib013
alison_aimee_ :
RRSP when you withdraw money you are taxes. TFSA when you withdraw money you don't get taxed.
2025-02-12 02:08:25
17
cdnmusiclover
Rose :
They need to teach more finance in Canadian schools.
2025-02-12 09:04:23
248
cometocanadabut
Come_To_Canada_BUT :
Nothing in Canada is simple. We pay half of our income with tax and when we retire we have to save for our retirement. Then these politicians making millions from our own money
2025-02-12 03:48:30
107
americanah04
🇬🇧 🇺🇸 ❤️⏭️ :
I don’t contribute money on RRSp anymore.All my money is in TFSA
2025-02-12 05:54:04
24
ritchiewayne
Ritchie Wayne :
but they tax you on everything now so it doesn't matter miles will keep your money and keep it as cash
2025-02-24 15:54:12
2
lindseyrae25
Lindsey Rae :
when u put your $ in, it’s with after tax dollars, you have tax deferred growth when U take it out at 71+ you’re in a lower tax bracket which saves you $+ tax free growth
2025-02-12 05:22:51
2
susey726
susey :
how about buy gold coin than the stock
2025-02-12 05:30:46
4
1fstcat
1FSTCAT 🇨🇦 :
it's amazing how many people don't know how an RRSP works.
2025-02-12 03:20:07
8
breadbanini
BreadBanini :
Got a TFSA and a FHSA 💅
2025-02-12 13:04:02
1
kallcaro
Carolann :
My mom had rrsps. When she turned 71(I think) the gov’t made her start withdrawing which put her, a retired nurse in BC, in the next tax bracket, so for $4000 a year she owed about $2500 at tax time.
2025-02-12 03:28:07
4
debramac11
debramac11 :
You are a very interesting smart person to watch I learn a lot
2025-02-12 01:11:44
49
ryanking474
kinger :
in 20 some years there won't be a pension from the govt unless of a miracle change. how i feel anyway. work until you die if govt is involved
2025-02-12 01:30:01
1
speedandgloryco
Speed and glory co :
I would like to learn more about this.
2025-02-12 15:08:03
6
marina.carlos..f
Marina Fernanda :
How do I trade
2025-02-16 21:34:19
1
soosan418
Soosan :
Thanks Mario. I love this kind of stuff
2025-02-12 01:14:21
5
oilers4life82
oilers4life82 :
🇨🇦Mario 4 PM🇨🇦
2025-02-12 04:24:36
6
kimberleemeleca1
Kimber :
A retirement portfolio should have a combination of RRSP, TFSA, pension and cash.
2025-02-12 01:47:05
8
erinrylan
erinrylan :
RDSP is even better than RESP
2025-02-12 02:34:10
4
jrroberts4
Jr Roberts :
Every 1000$. You get back 300$ at tax time
2025-02-12 21:47:39
2
r.a7143
R A :
Can I take money out of a RRSP at anytime or do I have to wait for retirement?
2025-02-12 18:56:58
2
katcar99
Katie C🇨🇦 :
I have them all RRSP, RESP for both my kids, and a TFSA which I contribute to every month. I just want to save for the future.
2025-02-12 12:54:44
4
samsonite3601
Graydon - Square :
They always push RRSP to offset what you pay for income tax. Are there other /better ways?
2025-02-12 03:45:59
4
bagratmesropian
bagratmesropian :
I just do my company share plan where they add 33% to my contribution. But can’t make it into rrsp or tfsa
2025-02-12 02:43:14
3
neal.clemmer
Greatwhite Northern56 :
It allows the government to see most of what you have for liquid assets..
2025-02-12 07:16:42
2
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