RRSP? TFSA? RESP? Make the most of your savings options
When it’s time to decide which mix of savings vehicles is right for you, your options can start looking like a hearty bowl of alphabet soup. There are registered retirement savings plans (RRSPs), tax-free savings accounts (TFSAs), and registered education savings plans (RESPs). Determining which savings plan or combination of savings plans is best depends on your personal situation and your objectives.