[INFOGRAPHIC] What’s the difference between the TFSA tax free savings account and RRSP registered retirement savings plan?

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What’s the difference between the tax free savings account and registered retirement savings plan? We show you the journey of putting $1,000 into a TFSA vs. RRSP and outline the differences between the two.

Follow along this infographic and see how each type of account grows and how you can use each account type for life’s important purchases. We also list the different rules that apply to each.

Both of these types of accounts have a place in your financial plan. Speak with an advisor to see how each can benefit you and help you reach your financial goals.