News Releases
Interview OpportunityTFSA or RRSP? That is the Question
Toronto, February 2, 2009
| WHAT: | Today's market conditions have made Canadians' investment decisions more challenging. This has led many to ask the question of whether they should continue making regular contributions to their RRSP or whether they should try to include the new Tax Free Savings account (TFSA) into their investment strategy. On top of all this, it can be difficult to manoeuvre through potentially confusing messages. A recent poll by BMO found that 70% of Canadians said that financial institutions need to do a better job of helping them understand their personal finances. |
| WHY: | While both are savings vehicles that allow customers to have their investments grow tax-free, RRSPs and TFSAs have different purposes, and the decision of where to put one's money will depend on your specific objectives and needs. |
| WHO: | BMO experts are available
to discuss these and other investment strategies to help make it easier
for Canadians to understand their financial options and choose a solution
that works for them. Our experts can answer questions such as:
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