RESP vs. TFSA: Which is Better for Your Child’s Education?

Choosing the right savings is crucial when planning for your child’s education. Two popular options in Canada are the Registered Education Savings Plan (RESP) and the Tax-Free Savings Account (TFSA). Both have unique benefits, but which is better for your child’s education? In this comprehensive guide, we at Rupinder Rai Insurance will explore the key…

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The benefits of a Registered Retirement Savings Plan in Mississauga

Putting away money in a Registered Retirement Savings Plan can be more than getting a tax break and saving for your golden years. RRSP can be an interesting option for young families as it offers reduced taxable income. You can contribute up to 18% of your earned income towards RRSP in a given year and…

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