Money myth 7: “An RRSP is always better than a TFSA.”

Earning less now and expecting a higher income later? A TFSA can be the better starting point. You can save your RRSP contribution room for years when the deduction is worth more.

#MoneyMyths #CanadianFinance #PersonalFinance #RRSP #TFSA

Money Myth 5: "You need a lot of money to start investing." Not true.

$100 a month, started at 25, can grow to about $190,000 by 65 at 6% a year. Start 10 years later and you end up with about half.

#MoneyMyths #Investing #TFSA #PersonalFinanceCanada #StockMarket

More and more people are asking ChatGPT and other AI tools how to manage their money. We wanted to know how reliable the answers actually are.

The best one scored 94%. The weakest scored 82%.

The full results are on our blog.

#AI #ChatGPT #PersonalFinanceCanada #TFSA #RRSP

Money Myth 2: A TFSA is just a savings account.

A TFSA (Tax-Free Savings Account) can hold more than cash. You can put GICs, bonds, ETFs and stocks in it too. Whatever grows inside the account is tax-free.

#TFSA #PersonalFinanceCanada #InvestingInCanada #FinancialLiteracy