im new to Canada and the taxing is confusing.
I store away about 2000 a month into a TFSA account right which pays 0.8percent interest.
I also have the Wealthsimple cash account which pays out 4 percent but taxed.
Assuming iam consistent with the 2k saving for 12 month.. which is better?
I store away about 2000 a month into a TFSA account right which pays 0.8percent interest.
I also have the Wealthsimple cash account which pays out 4 percent but taxed.
Assuming iam consistent with the 2k saving for 12 month.. which is better?