4.3 Tax advantage saving accounts

This will cover what a TFSA and RRSP are and all the advantages they both have. We will explain the best ways to use these accounts to maximize the benefits.

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4.3 TFSA and RRSP Quiz

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1. What are the benefits of an RRSP? (Select all that apply.)

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2. What is the TFSA contribution limit for 2022?

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3. The money earned in a TFSA is taxable by the government.

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4. What is the contribution limit for an RRSP?

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5. RRSP gains are non-taxable?

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