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@claymore Right now, if you want to put money into a TFSA, I would do a GIC in a TFSA. The interest rates are not bad right now. Then once the GIC matures, it’s still sitting in your TFSA. You can then leave it there (at a low interest rate) or renew your GIC. I am guessing people at your work...

@claymore You are already relatively low in terms of income tax, because your net income is low (so you are in a low bracket already). There is not really much else you can do, if you were making more in a year there are ways to DEFER tax, but if you are 20 now, i would assume you will only be...