Stop Guessing! The Smartest Way to Choose RRSP or TFSA

Description

Business Inquiries: info@wellbuiltwealth.ca Well Built Wealth: https://www.wellbuiltwealth.ca/ Links: - RRSP video: https://www.youtube.com/watch?v=OhLUUg-Ns5A&t=5s - TFSA video: https://www.youtube.com/watch?v=O5zEQT8p1UE&t=30s - Combined tax rates for each province: https://www.ey.com/en_ca/services/tax/tax-calculators - TFSA vs RRSP calculator: https://www.conexus.ca/calculators/tfsa-vs-rrsp ------ Intro (0:00) Key Fact #1 (3:00) Key Fact #2 (3:29) Key Fact #3 (4:51) Key Fact #4 (5:28) How Tax Deductions Work (6:27) Key Fact #4 Continued (11:05) Current Income & Top Tax Rates (13:38) Lower Income Scenario (13:56) Mid-Range Income Scenario (14:34) High Income Scenario (16:23) Retirement Tax Rate Scenarios (17:53) Short Term Goals (19:11) Long Term Goals (20:24) Already Have Group RRSP or Pension (21:51) Big Lump Sums (22:58) Already Have Huge RRSP (25:13) ------ DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.