@sukhmeetkhaira_official: STOP scrolling if you live in Canada! The year is wrapping up fast, and if you haven’t utilized your registered accounts yet, you might be leaving serious tax-free growth and deductions on the table. Here are the 3 accounts you MUST know about before the deadline: 1️⃣ TFSA (Tax-Free Savings Account): > Contribution limit: $7,000 for this year. All your investment growth & withdrawals are 100% TAX-FREE. 2️⃣ FHSA (First Home Savings Account): > Planning to buy your first home? Put in up to $8,000/year. The best of both worlds: Tax-deductible contributions + tax-free withdrawals for your first qualifying home. 3️⃣ RRSP (Registered Retirement Savings Plan): > Looking to reduce your taxable income and boost your tax refund? This is key. Deadline: End of February / Early March. Key Reminder: Don’t just park cash in these accounts—make sure your money is actually invested so it works for you! Comment “INVEST” below or DM me, and let’s set up a custom plan tailored to your financial goals! #canada #trending #explore #finance #investment
