this post was submitted on 23 Jul 2023
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best order to max out savings benefits? (self.personalfinancecanada)
submitted 1 year ago by cyberpunk007 to c/[email protected]
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My TFSA is not maxed, I have a few investments but nothing crazy. No GICs either. Should I focus on TFSA first, then GICs? I have a large lump of cash just sitting in a chequing account doing nothing as well.

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[โ€“] [email protected] 2 points 1 year ago (1 children)

Should I focus on TFSA first?

Between TFSA and non-registered, definitely prioritize TFSA.

[โ€“] [email protected] 1 points 1 year ago

Yeah, fill the TFSA with ETFs. GICs should go into RRSP if more saving is desired.