BONUS: Guide to Canadian Finance
Financial Feminist
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Can You Split What Was a TFS a and the R S P?
The t f s a is tax free savings account, and thet r s p is a registered retirement savings plan. You have the option of investing with that, rights it's or is it automatically an investing account immediately? No, it's option, like you could have just a TFese savings account, or you can invest through it yet. The four o one k is offered through the employer. It the like employer sponsord plan. And then we have the i r a, which is the individual account that you'd have to open on your own. But tou both of those are retirement accounts that are tax advantaged, so they're giving you tax breaks in terms of savings yet
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