The choice is not an RA or a TFSA, since both have their place
THERE ARE different types of people in this world—early birds and night owls, those who read the book and those who wait for the movie, tea addicts and coffee connoisseurs and—famously—dog people and cat people.
Selecting the right pet for you will depend on your circumstances. The same is true with investments.
Deciding on an appropriate tax-efficient investment, such as a retirement annuity (RA) or a tax-free savings account (TFSA), depends on your circumstances. How-ever, you don’t have to choose one or the other—both an RA and a TFSA can be included in your financial plan.
This article explores why this is the case…