TFSA vs RRSP: The Banker’s Secret Mistake скачать в хорошем качестве

TFSA vs RRSP: The Banker’s Secret Mistake

The TFSA vs RRSP decision is the single biggest "wealth trap" for Canadian investors. If you earn under $55,000, your bank is likely selling you the wrong account to hit a quota, while ignoring the hidden "GIS Clawback" that can tax your retirement at 70%. In this forensic audit of TFSA vs RRSP, we break down the math, liquidity rules, and tax implications to prove exactly which account you should fill first. 👇 THE "SURVIVAL" TOOLKIT 👇 (The exact tools I use to execute the strategy in this video) 1. The "Liquid" TFSA: (Passes the "Transmission Test") Never lock your money with a bank that charges fees to withdraw. I use this platform to keep my TFSA flexible and fee-free. 🚀 Wealthsimple: https://www.wealthsimple.com/invite/H... (Bonus: Get a $25 Cash Reward when you fund your account) 2. The "Emergency" Vault: (Passes the Liquidity Audit) As explained in Round 1, you need a cash wedge so you never have to raid your investments. Park it here to earn high interest. 🛡️ EQ Bank: https://join.eqbank.ca?code=mohammed2931 3. The Mindset Manual: (The Cure for the "Refund Trap") The book I mentioned in Round 3. Read this to stop sabotaging your own compounding. 📘 The Psychology of Money: 🎧 Free Audio: 🇨🇦 https://amzn.to/4a2rmP7 | 🇺🇸 https://amzn.to/4bJMHzt 📖 Paperback: 🇨🇦 https://amzn.to/4tcY610 | 🇺🇸 https://amzn.to/3M45U49 In this video, we answer the ultimate "TFSA vs RRSP" questions: ✅ The $55k Rule: Why the RRSP is mathematically dangerous for low-income earners. ✅ Liquidity vs. Yield: Why the TFSA wins during a financial emergency (The Transmission Test). ✅ The GIS Clawback: How to avoid the hidden 50% tax on seniors that destroys RRSP income. ✅ The "Death Tax": Why the CRA becomes your biggest beneficiary if you choose the RRSP over the TFSA. Summary: When comparing the TFSA (Tax-Free Savings Account) against the RRSP (Registered Retirement Savings Plan), most Canadians focus on the tax refund. This is a mistake. By analyzing the "Effective Tax Rate" upon withdrawal—including the loss of government benefits like GIS—we prove that the TFSA is the superior wealth-building vehicle for the majority of Canadians earning under $100k. LEGAL DISCLOSURE: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.ca and Amazon.com. DISCLAIMER: This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! FINANCIAL DISCLAIMER: The information contained in this video and the resources available for download/viewing through this channel is for educational and informational purposes only. I am not a financial advisor, and this is not financial advice. Always do your own research and consult a licensed professional before making any investment decisions.