When considering allocating funds to a TFSA account versus an RRSP account,which of the following is least critical?
A)Avoiding taxation on the investment funds
B)The intended purpose for the investment funds
C)The marginal tax bracket of the individual
D)The financial goals of the individual

Question

Quizplus · Accepted Answer

Avoiding taxation on the investment funds is least critical when deciding between a TFSA and an RRSP because both accounts offer tax advantages, but they serve different purposes based on the individual's financial goals, intended use of the funds, and their current tax bracket.

When Considering Allocating Funds to a TFSA Account Versus an RRSP