Is it wise to try to time the market?
No one has the crystal ball that allows them to identify just when the stock markets of the world will move in one direction or the other. We believe that it is buying the right businesses, not buying at the right time that counts. Wealth is created universally through business ownership, not timing the market.
YOU CAN BENEFIT FROM BOTH.
You don’t need to choose one plan over the other. Both allow you to hold a wide range of qualified investments, including cash, mutual funds, government and corporate bonds, GICs and publicly traded securities.
How you allocate your investments between the two plan types depends on your overall investment goals and your current tax rate versus your expected future tax rate.
COMPARING TFSAs AND RRSPs
Investors who are saving f...