@jordfinance: Four accounts every young Canadian should understand: 1. High-interest savings account for your emergency fund and short-term savings. I personally use Wealthsimple Cash. 2. TFSA for tax-free investment growth and withdrawals. 3. FHSA for eligible first-time homebuyers. You can receive a tax deduction and make a tax-free qualifying withdrawal. 4. RRSP for retirement savings. You can receive a tax deduction today, while withdrawals are generally taxed later. You don’t need to max out every account immediately, and the right order depends on your income, goals and financial situation. Always check your available contribution room before putting money into a registered account. Not financial advice. Educational purposes only #canada #tfsa #rrsp #fhsa

jordfinance

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Friday 21 August 2026 14:31:29 GMT