RRSP vs TFSA is one of the most searched personal finance questions in Canada. And most people are using the wrong one for their income level. Here’s the truth: An RRSP lowers your taxable income today, which can mean a bigger tax refund now, but withdrawals in retirement are taxed. A TFSA doesn’t give you a tax deduction upfront, but your investments grow tax-free and withdrawals are completely tax-free. So which one actually builds more wealth? It depends on: • Your current income • Your future tax bracket • Your retirement strategy • Your need for flexibility For many Canadians, TFSA offers more flexibility and long-term tax advantages. For higher-income earners, RRSP can be a powerful tax planning tool. The real strategy isn’t choosing one. It’s knowing how to use both intentionally. Save this for tax season. Share with someone deciding between RRSP and TFSA. Follow for more. #pinghsu #financetips #RRSP #TFSA #wealthbuilding