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Savings Strategies Comparison
Compare TFSA, RRSP, and non-registered investment strategies to optimize your savings.
Your Information
Used for tax calculations
Strategy Tips
Use TFSA for emergency fund and short-term goals
Emergency funds, short-term goals, flexible savings
Maximize RRSP if in high tax bracket now, lower expected in retirement
Retirement savings, high-income earners, long-term goals
Consider FHSA if planning to buy your first home
Diversify across multiple account types for tax optimization
Contribution Room
$7,000/year + unused room. 18% of income (max $31,560).