The ULTIMATE Canada newcomer guide to TFSA and RRSP!

This video explains TFSA and RRSP basics for newcomers to Canada in a way that is simple for beginners to understand. So here are the basics about TFSA and RRSP that you need to know!

⏱️⏱️VIDEO CHAPTERS⏱️⏱️
00:00 Introduction
00:52 Similarities of TFSA and RRSP
03:32: Contribution limits of the TFSA
07:15: Overcontributing to your TFSA
07:35: How to set up a TFSA
08:06: What is the RRSP
09:14: What happens when you retire
10:16: When to withdraw from your RRSP
11:02: How to set up an RRSP

Learn more about TFSA: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4466/tax-free-savings-account-tfsa-guide-individuals.html

Learn more about RRSP: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/registered-retirement-savings-plan-rrsp.html

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⚠️ Disclaimer:
This video was created with the aim to educate and inspire its audience. It is not financial or investment advice.