RE:RE:RE:RE:RE:RE:RE:March madnessI have been preaching about this TFSA advantage to my sons and relatives for a long time. Many of them put money into RRSPs which is basically deferring the taxes, and very difficult and costly to take money out when you need or want something. All of my/our investments in are TFSA 's , properties and a small part in my wife's locked in rrsp which she trades ( mostly holds ) split funds in.
I am likely going to sell some property and max out our TFSA 's , and move the the remainder to a Mexico bank account, where you actually can make a little interest on a chequing account. Really enjoying Mexico this winter , and not seeing much advantage to living in Canada.