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Articles on Retirement savings plans

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Preference for tax-free savings accounts may be due, in part, to a psychological bias for the phrase “tax-free.” (Shutterstock)

The ‘tax-free trap’: How a simple phrase skews Canadians’ savings choices

New research finds that people are more likely to choose a plan that has the words “tax-free” in the title, regardless of the details in fine print.
It’s tax season. Should you put money in RRSPs or TFSAs? (Shutterstock)

How to determine what’s better – RRSPs or TFSAs?

It’s never too early nor too late to start your saving program. Whether it’s an RRSP or TSFA – or preferably both – they are both important and easy ways to help you achieve your financial goals.

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