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40 year olds, what financial advice would you have for a 30 year old?
(sh.itjust.works)
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this post was submitted on 11 Sep 2026
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Asklemmy
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Yup.
The Canadian equivalent is a TFSA, unless you max it out (congrats), then RRSP. Apparently there's niche cases where RRSP is better, so look into it a bit.
RRSP contributions are income tax deductible, and up to $60k from the account can be used toward a down payment for a home. For someone trying to buy, its a good idea to focus on that RRSP first.
Oh, and there's also the FHSA, on that note.
Yup, and it's good if you start using it early. I'm not a fan of the restrictions on it though, compared to the RRSP. But they are strong when used together.