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Please note our branches will be closed on Saturday, September 30 and Monday, October 2, in observance of National Truth & Reconciliation Day.
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A Pocket Guide to TFSAs vs RRSPs

By Alterna Team
February 11, 2022
You’ve likely heard of both a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP) . They are both excellent ways to invest and save your money with the added bonus of providing tax breaks, but what else do you know about them?
Here are the key differences between these two accounts.
TFSA | RRSP | |
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Tax Benefits |
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Access to your funds |
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Lifespan |
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Contribution Limit |
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Spousal Plan |
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Have more questions about which product would be best for you? Book an appointment to speak to us today!
Updated: February 2023
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