Globe Advisor’s Best of 2019: Top 10 stories on TFSAs and RRSPs GlobeInvestor
Picking winning stocks is never a slam-dunk, but equity investment funds can be a less risky way for investors to grow their money within a TFSA. By not having some exposure to equities inside a TFSA, investors miss out on potential capital gains and Canadian dividends that can be withdrawn on a tax-free basis. Three fund experts give their top equity mutual fund and ETF picks.Building a nest egg with ETFs is growing in popularity, but one size may not fit all.
But while the TFSA’s key advantage is tax-free growth and withdrawals, this account is also flexible. Investors can use it for short- or long-term purposes, and they have plenty of investing options, which can help them cope with a challenging, volatile market.The RRSP continues to be the big dog in the financial-planning world. But while the RRSP provides a solid bang for the investment buck for most Canadians, many investors misuse this venerable financial vehicle.
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