If you’re like most Canadians, you’ve been told to put money into your TFSA or RRSP, but not much else. The truth is, both can be powerful tools for building wealth… if you use them the right way.
So, which is better for investing with Fluent?
Let’s break it down.
✅ TFSA: Tax-Free Growth & Flexibility
- Contributions are not tax-deductible, but all growth and withdrawals are tax-free
- You can withdraw funds at any time, for any reason
- Ideal for: monthly income, shorter-term goals, or investors who want more flexibility
- Fluent income paid into your TFSA stays 100% tax-free
✅ RRSP: Tax-Deductible Contributions & Retirement Focus
- Contributions reduce your taxable income
- Withdrawals are taxed, unless used for retirement, education, or home buying
- Ideal for: long-term investing and retirement income planning
- You can reinvest Fluent income within your RRSP to compound tax-deferred
Both accounts can hold self-directed investments, which means you can use either to invest with Fluent, not just mutual funds or GICs.
Which should you choose?
If you’re focused on long-term retirement growth and want tax deferral today, RRSP is likely your best option.
If you want access to your money sooner and prefer tax-free withdrawals, TFSA may be the better fit.
The good news? You can use both.
Many of our investors split funds across both accounts, and we help set it up so it’s simple and compliant.
Want to know which account suits your goals best?
Let’s walk through it together.