Is it better to contribute to a registered retirement savings plan (RRSP) or a tax-free savings account (TFSA)? As one does not replace the other, the best solution is to contribute to both. However, each option has its pros and cons, depending on your age and personal financial situation.
** I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone, and may not reflect the views of National Bank Financial Group. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by the Research Department of National Bank Financial **