TFSA vs RRSP for Newcomers to Canada: Which Should You Open First?
Once your bank account is set up and your paycheque starts arriving, a new question shows up: where should my savings actually go? If you’ve asked a Canadian coworker, you’ve probably heard “put it in your TFSA” and “max out your RRSP” in the same conversation. Both are good advice for some people. For newcomers,…