ACCOUNTANT EXPLAINS: Optimal Order of Investing in TFSA, RRSP, and FHSA

In today's video, I explain the optimal order of investing for tax-advantaged accounts including TFSA, RRSP, and FHSA accounts. Despite these being simple every day terms, we don't really learn anything about these accounts in school. I discuss the benefits of each account and considerations for each. This is a great overview and is applicable if you are a Canadian and wondering what the best accounts for investing are. I hope this video saves you thousands of dollars in tax! TIMESTAMPS 00:00 Introduction 00:41 TFSA 01:01 TFSA Example 02:12 FHSA 04:40 RRSP 06:14 RRSP Example 07:33 How You Benefit From RRSPs 09:00 Advanced Tax Planning Tip (What Wealthy People Do) 10:45 Taxable Investment Accounts