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40 year olds, what financial advice would you have for a 30 year old? (sh.itjust.works)
submitted 1 day ago by to c/asklemmy@lemmy.ml
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50 and older, I'm sorry, but in my personal experience, your advice has been a little out of date.

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[โ€“] 3 points 23 hours ago (1 child)

Yup.

The Canadian equivalent is a TFSA, unless you max it out (congrats), then RRSP. Apparently there's niche cases where RRSP is better, so look into it a bit.

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  • [โ€“] 1 point 10 hours ago

    RRSP contributions are income tax deductible, and up to $60k from the account can be used toward a down payment for a home. For someone trying to buy, its a good idea to focus on that RRSP first.

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