Points and payouts: Scottie Scheffler captures $25M, finishes No. 1 in FedExCup standings - PGA TOUR Sep 1st
Is VFV a good buy? What about other U.S. ETFs with even lower fees? Sep 4th
Oil prices drop sharply after Trump moves to reassure markets over Iran war - The Guardian + MORE Mar 10th
Helping your kids buy their first home: Smart strategies for today’s market + MORE Mar 5th
TFSA contribution room calculator Dec 11th
Microsoft inks Nvidia game deal to assuage regulators over Activision merger – Financial Post
– news.google.ca
Can you maximize your RRSP and TFSA with an income of $0?
– moneysense.ca
I have $119,000 room allowed in my RRSP and $81,000 room in my TFSA.
I am 47, live in B.C., currently not earning income as a caregiver for a parent. I have a business with a registered GST number to claim income now or in the future. But for my question, let’s assume I will be claiming $0 for the next three years.
I have a sum of $250,000 coming to me as a gift, and I am looking to invest/save it.
I plan to use the portions not contributed into my TFSA and RRSP in investments that will be earning interest as income—likely mortgage investments.
Based on my income projections, what amount makes the most sense to invest into RRSPs at this time?
Should I spread the amount out over a period of time? Same question for TFSA.
—Jennifer
Maxing out registered accounts: TFSAs and RRSPs
Jennifer, you likely want to maximize your tax-free savings account (TFSA), skip the registered retirement savings plan (RRSP) for now, and put the rest of your money into a non-registered account…


