Maxed out TFSA, RRSP & FHSA Q&A

[boby85]

Howdy! I have just maxed out all three accounts for the year and I will continue to contribute the maximum amount to a defined contribution plan at work on an annual basis, plus a HISA. I’m single, currently rent in Quebec, do not have any debt or any dependents and travel quite often for leisure / sporting events. Any ideas on what to invest in next? Cash account, real estate, etc?

Edit: Thanks for the suggestions everyone!

 

[jjp297]

@boby85 Globally diversified portfolio in a taxable account. Make sure you track your adjusted cost base. You can use https://www.adjustedcostbase.ca to track for free.

 

[wvc]

@jjp297 Yep, the biggest mindset change when you run out of tax sheltered space is to up your record keeping game. In RRSPs and TFSAs there's almost nothing to keep track of, just contributions. When you invest in taxable accounts you have to track every transaction.