The Canadian equivalent is a TFSA, unless you max it out (congrats), then RRSP. Apparently there’s niche cases where RRSP is better, so look into it a bit.
RRSP contributions are income tax deductible, and up to $60k from the account can be used toward a down payment for a home. For someone trying to buy, its a good idea to focus on that RRSP first.
Yup.
The Canadian equivalent is a TFSA, unless you max it out (congrats), then RRSP. Apparently there’s niche cases where RRSP is better, so look into it a bit.
RRSP contributions are income tax deductible, and up to $60k from the account can be used toward a down payment for a home. For someone trying to buy, its a good idea to focus on that RRSP first.
Oh, and there’s also the FHSA, on that note.