Search results

@sofarfromfaze Your wealth grows faster in a TFSA than a non registered account. If one does no savings in their TFSA, pays off their mortgage first, then saves more money down the road, their TFSA will be significantly smaller, and therefore, they would accumulate more non registered assets...

@carolyntormala Exactly! So its basically depends also on the value you place on that, which will be different for everyone, but just another thing to consider.

@carolyntormala Im in the keep the TFSA camp. Even if my mortgage is slightly higher than the TFSA, im not touching it My reasoning is permanently "lost" contribution space. Lets say you have 100K in your TFSA. If your expected ROI is 5%, and your mortgage is 6%, it costs you 2% a year. For...