Save. Spend. Splurge.

4 Comments

  • The Asian Pear

    *raises hand* How do you put TFSA into stocks? I can’t seem to get a straight answer from anyone.

    • save. spend. splurge.

      You know how you have an account that is an “RRSP” account? Same deal. You just ask for a “TFSA” account rather than an RRSP one.

      So wherever you invest index funds in your RRSP, open another account (a TFSA one) and you can buy the same index funds there.

  • Emily @ Simple Cheap Mom

    I love me my TFSA. Just a note though, RRSPs aren’t locked in. You can withdraw funds at any time and just pay tax on the income, no penalty. Locked in investments have separate rules.

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