RRSP MISTAKES in Canada to AVOID // Tax Free Investing & Retirement Strategy // Canadian Tax Guide

What are the Most Common Mistakes with the RRSP? Am I using the RRSP Correctly? How does the RRSP Work? How does the RRSP Reduce my Tax Bill? How can Canadians get the most out of their RRSP? When should I Withdraw from my RRSP? I'll be breaking down all of the Biggest RRSP Mistakes to AVOID in Canada! The RRSP is one of the most powerful investing tools but most Canadians are not using it correctly and these mistakes can be costing you thousands of dollars in the long run! The RRSP rules can be confusing and misleading so I'll show you how to avoid these mistakes and how to get the most out of your tax-sheltered growth and fund your retirement! RRSP EXPLAINED - Part 1 & 2 - Watch These FIRST 👇 /playlist/PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz TFSA MISTAKES - For Both TFSA & RRSP 👇 /watch/UOTALbiBc4sBA QUESTRADE REFERRAL 🇨🇦 If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days! That’s 10 free trades without any commission, $50 in savings! 👇 https://www.questrade.com/?refid=CANADIANTSHIRT Best SAVINGS ACCOUNT in 2023 - EQ BANK 🏦 Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers 2.5% interest with no monthly fees and no minimum balance! Use my referral link below to sign up 👇 https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.5&type=3&subid=0 BLOSSOM SOCIAL 🌸🇨🇦 Follow me on Blossom to see my Portfolio & Trades for FREE 👇 https://blossomsocialapp.page.link/canadiantshirt Watch my BLOSSOM ANNOUNCEMENT video for details 👇 /watch/0BsXWk5PYFtPX WEALTHSIMPLE TRADE REFERRAL 💰 If you'd like to sign up for WealthSimple Trade, use my referral link below to get a $25 signup bonus in cash when you open an account and trade at least $100 👇 https://wealthsimple.sjv.io/mD2OZ LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇 /c/CanadianinaTShirt/join Thank you guys for supporting my channel, you’re the best! 🙏 Check out my Canadian Tax Guide for More Tax Saving Strategies! 🇨🇦 /playlist/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj SKIP AHEAD ⏩ -Intro: 0:00 -RRSP Basics: 0:55 -Wasted on Savings: 1:33 -Contribution Room: 2:48 -Exceed Limit: 4:55 -Employer Pension: 5:31 -Reduce Taxes Each Paycheque: 7:09 -RRSP New Year: 8:27 -Income Inside RRSP: 9:56 -Risky Investments: 10:19 -RRSP Deduction: 11:22 -Same Tax Bracket: 13:53 -Don’t Waste Tax Refund: 14:43 -Withdrawals: 15:25 WATCH NEXT ▶️ -How to Buy Stocks on Questrade - /watch/4XZOwWBy2V_yO -How Taxes Work in Canada - /watch/8Yx2vkBKhSGK2 -Best Canadian Dividend Stocks - /watch/oNvDW1FlBU_lD -What is a DRIP? Compounding Dividends - /watch/UhfOTawXyuoXO -Best Canadian Dividend ETFs - /watch/Y8pCVE5NrXhNC -RRSP Explained Part 1 - /watch/EdSBMngNMKbNB -How to Build Wealth - /watch/sQ_3lYfw01Lw3 -Norbert’s Gambit - Exchange Currency for Free - /watch/stv8Kzd1Q6q18 Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =) FOLLOW ME HERE: 👋 FACEBOOK: https://www.facebook.com/CanadianTShirt INSTAGRAM: https://www.instagram.com/canadiantshirt TWITTER: https://twitter.com/CanadianShirt FINANCIAL EDUCATION BOOKS 📚 -Wealthy Barber Returns - https://amzn.to/2MJ9cIe -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -Investing in Dividends - https://amzn.to/37mUnn3 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Intelligent Investor - https://amzn.to/3qoI5nV CAMERA GEAR 📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -Tripod - https://amzn.to/2Qf2Lid -LED Ring Light - https://amzn.to/2MKLDyC -Microphone - https://amzn.to/3aRdXMN DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision! I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me. DISCLAIMER: Links included in this description may contain affiliate links. I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #CanadianTaxes #RRSP #RRSPInvesting #TaxFreeInvesting #CanadianTaxGuide #CRA #CanadianFinance #CanadianInvesting

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