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Newspaper
Roblin Review
Location
Roblin, Manitoba, Canada
Date
Feb 05, 2013
Page
7
Kim Inglis explains how RRSP and TFSA choices hinge on tax rates, withdrawals, and timing. Higher earners may use both, while younger savers favor TFSAs for flexibility and emergency funds. Calculations show RRSP tax savings can be reinvested in a TFSA to maximize growth.
The government promotes the First-Time Home Buyers Tax Credit to ease upfront costs for new homeowners. It highlights claims of over 550000 Canadians benefiting in two years, with more than 2.5 billion saved, and urges visitors to the Canada Revenue Agency site for details. MP Overt Sopuck represents Dauphin-Swan River-Marquette.
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