[-] fishtaco@lemmy.ca 2 points 1 year ago

I'm not a financial professional but it depends on the purpose of your savings.

If you plan on buying a house then maxxing your FHSA contributions is a good place to start, probably before a TFSA.

After this, it depends on your work and income status. If you're making decent money, I'd invest in an RRSP before a TFSA since you get both a tax credit and can borrow from your RRSP as a first-time home buyer (I think 15 years to repay). If you don't need the tax break or aren't really thinking of buying a home in the mid-term future, then a TFSA.

ETFs are a good choice for the inexperienced, buy-and-hold investor. You can either pick a few sectors you know something about, or buy a broad fund like a TSX 60 fund. ETFs are low cost and you can buy yourself with a discount online broker like Wealthsimple or Questrade.

[-] fishtaco@lemmy.ca 1 points 2 years ago

Tucows, easyhosting, and rebel are all Canadian registrars I've dealt with.

[-] fishtaco@lemmy.ca 2 points 2 years ago

Good post. This is pretty much what I do.

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fishtaco

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