@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
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
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
Rose :
They need to teach more finance in Canadian schools.
2025-02-12 09:04:23
248
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
🇬🇧 🇺🇸 ❤️⏭️ :
I don’t contribute money on RRSp anymore.All my money is in TFSA
2025-02-12 05:54:04
24
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
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
susey :
how about buy gold coin than the stock
2025-02-12 05:30:46
4
1FSTCAT 🇨🇦 :
it's amazing how many people don't know how an RRSP works.
2025-02-12 03:20:07
8
BreadBanini :
Got a TFSA and a FHSA 💅
2025-02-12 13:04:02
1
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 $2500 at tax time.
2025-02-12 03:28:07
4
debramac11 :
You are a very interesting smart person to watch I learn a lot
2025-02-12 01:11:44
49
kinger :
in 20 some years there won't be a pension from the govt unless of a miracle change. how i feel anyway. work until you die if govt is involved
2025-02-12 01:30:01
1
Speed and glory co :
I would like to learn more about this.
2025-02-12 15:08:03
6
Marina Fernanda :
How do I trade
2025-02-16 21:34:19
1
Soosan :
Thanks Mario. I love this kind of stuff
2025-02-12 01:14:21
5
oilers4life82 :
🇨🇦Mario 4 PM🇨🇦
2025-02-12 04:24:36
6
Kimber :
A retirement portfolio should have a combination of RRSP, TFSA, pension and cash.
2025-02-12 01:47:05
8
erinrylan :
RDSP is even better than RESP
2025-02-12 02:34:10
4
Jr Roberts :
Every 1000$. You get back 300$ at tax time
2025-02-12 21:47:39
2
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
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
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 :
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
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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