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    Where to put my money? RRSP? RESP? TSFA?

    I am presenting this article because a lot of people don’t really understand the tax implication of each of RRSP, RESP, and TSFA contributions. If you truly understand the short term and long term tax implications for all these instruments then you can truly understand and make an informed decision on where to put your money if you had to choose one. Therefore I am first explaining the tax implications in the most basic and short term first: RRSP (registered retirement savings plans) contributions made by you into your account are deducted from your income in the tax year you made the contribution. Ok that’s not entirely true, you can…

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