Question: For each option below, decide whether a TFSA or RRSP would be more appropriate and explain why (a) You earn $11,000 of income and want

For each option below, decide whether a TFSA or RRSP would be more appropriate and explain why


(a) You earn $11,000 of income and want to save some money for either retirement or to buy a house in five years.


(b) You earn $40,000 and want to save for a house purchase likely to occur in about four years.

(c) You earn $125,000 and want to save for retirement.


(d) You earn $80,000, are part of a defined benefit pension plan, and want to save more for your retirement.

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