Quote:
Originally Posted by Leto
I've heard that the percentage of people who put into retirement plans is low.
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I don't have a retirement plan. I'm one of those "retirement plans are for rich people" kind of guys. I'll use any tax return money to put towards paying down my debt.
As for strategies, in Canada, the optimal thing to do (as always) is to max out your RRSP contribution and your TFSA allowance. Do that first above all else. Everything else is gravy. (That is, unless you have too much high-interest debt.)
Always look into spousal benefits in the RRSP plan. It might benefit many to just go to a tax accountant to ensure you max your tax efficiency. The rules are always changing.