Calculator and notepad Through their workplace, some Canadians now have the option of opting into and contributing to a Group TFSA (Tax-Free Savings Account), in addition to a Group RRSP (Registered Retirement Savings Plan).
Group TFSAs are a newer and lesser-known product. And many employees don’t know if their employers offer it and/or when it’s a better option than the popular Group RRSP.
“It’s true. Group TFSAs are a ‘newer product’ and Canadians have been slower to adopt,” says Alex Mazer, co-founder, and co-CEO of Common Wealth, a financial technology company that specializes in retirement plans. However, Mazer has seen great […]
Full Post at www.morningstar.ca