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Are you moving across the Canada/US border and planning for the future?
Well then you may be wondering what the different government savings plans are. As a cross-border financial advisor, one of the most common questions I get is about the difference between a TFSA vs a Roth IRA.
Since there are so many similarities, my clients who are retiring to Canada often want to know what the differences are. When you contribute to a TFSA or a Roth IRA, you don't get a tax deduction at the end of the year. But beyond that, there are plenty of distinctions.
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Want to get clear on how to manage your 401k in Canada?
Read our guide: www.swanwealthcoaching.com/knowledge-centre/401k-in-canada
Retiring from the US to Canada?
Read our guide: www.swanwealthcoaching.com/knowledge-centre/retiring-to-canada
Learn everything you need to know about RRSPs here:
www.swanwealthcoaching.com/knowledge-centre/canadian-rrsp-facts
Planning a cross-border move from the US to Canada (or vice versa)?
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This video has been prepared by and expressed the opinions of John Woodfield and Tiffany Woodfield, and are not necessarily the opinions of Raymond James Ltd. (RJL). Statistics, data and other information presented are from sources RJL believes to be reliable, but their accuracy cannot be guaranteed. This video is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. Past performance is no guarantee of future results. Information provided in this video is general in nature and should not be construed as providing legal, accounting and/or tax advice. Should viewers have any specific questions and/or issues in these areas, please consult your legal, tax and/or accounting advisor. RJL is a Member of the Canadian Investor Protection Fund. Raymond James (USA) Ltd. (RJLU), is a member of FINRA/SIPC. RJL and RJLU Financial Advisors may only transact business in provinces and/or states where they are registered.]