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What is the advantage of RRSP over TFSA? What is the advantage of TFSA over RRSP?...

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Finance

What is the advantage of RRSP over TFSA? What is the advantageof TFSA over RRSP? What is the advantage of each (RRSP and TFSA)over a regular taxable investment account?

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An RRSP is a registered retirement savings plan It is a type of savings account in which the contributions made into the account are taxdeductible However the the amount withdrawn later is taxable A TFSA is taxfree    See Answer
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