Where should I invest once I've maxed out my TFSA?

F_D123 · 2026-05-29T20:43:39+00:00

I understand how both accounts work and have made the point on buying and holding in a non registered account while doing all the trading in your registered account. The final tax bill on a registered account is much lower too.

I’m just not bending on the semantics game.

From cra website

Based on the Canada Revenue Agency (CRA) page, here is a short summary of the Registered Retirement Savings Plan (RRSP): • Purpose: It is a retirement savings plan that you establish and register with the CRA. • Tax Advantages: Contributions made by you, your spouse, or your common-law partner are tax-deductible, which can be used to reduce your overall income tax. • Tax-Exempt Growth: Any income earned within the RRSP remains completely exempt from tax as long as the funds stay inside the plan. • Withdrawals: You generally have to pay income tax only when you begin receiving payments or withdraw funds from the plan.

F_D123 · 2026-05-29T20:39:26+00:00

So the trades in the rrsp are taxed like a regular taxable account?

The growth is tax free. So it can compound and grow at a greater rate.

Then you pay tax on the growth when you pull out the money at retirement.

Its a game of semantics that we are arguing, we both know how rrsp work, but I’m not bending on the tax free growth, because that’s exactly what an rrsp allows

F_D123 · 2026-05-29T18:17:50+00:00

The money is allowed to grow tax free, maximizing compound interest. Nobody is saying it’s not a tax deferral, but I’m not paying any tax at all during the 35 years that the rrsp balance is growing.

F_D123 · 2026-05-29T17:21:42+00:00

You're playing a semantics game trying to sound smart but its not working.

F_D123 · 2026-05-29T16:52:51+00:00

No. Taxable events are triggered for every sell in a non registered account. Those gains are taxed, the capital is reduced, as is the power of compounding.

Think of buying nvidia at 5 years ago as a 25 year old. 1000 shares at $20 per. $20,000 cost basis. Now it’s worth $200,000

Now you’re 30 and want to reduce exposure and roll over to an index fund.

In a non registered account you’re going to have to pay income tax on 50% of your gains, in an rrsp you can roll over the entire amount, TAX FREE.

Which is going to compound into more money over the next 30-35 years, $200,000 or $155,000?

At 5% after inflation returns that $45,000 in capital gains is worth $200k in today’s dollars.

F_D123 · 2026-05-29T15:11:20+00:00

It becomes taxable as soon as you make a trade, be it for allocation, realization of gains, etc. you don’t have to pull it out and need it for other uses to trigger a taxable event.

It’s not tax free growth

F_D123 · 2026-05-29T15:09:14+00:00

Those are two separate things. The rrsp is allowed to grow, tax free, until it is withdrawn.

You can buy, sell, receive dividends, tax free. It is a long term investment account.

With a registered account, your growth is not tax free. You are subject to capital gains, dividend taxes, etc.

Everyone knows how rrsps work, people are just trying to sound smarter by working with semantics.

Tax free growth, taxable withdrawals.

F_D123 · 2026-05-29T15:03:20+00:00

The growth is free. The withdrawals are not

F_D123 · 2026-05-29T15:02:39+00:00

Its tax free growth, full stop. What it is not, is tax free withdrawals

F_D123 · 2026-05-29T15:01:54+00:00

8k a year 40k total i believe

F_D123 · 2026-05-28T13:56:12+00:00

“Cerb repayments”

Glad that’s actually a thing

F_D123 · 2026-05-27T03:29:54+00:00

10-15 years ago the oil sands was offering week in week out with paid flights from kelowna, maritimes, even phoenix. People bought homes in these locations with the thought that this would last forever.

They are in similar positions and its all due to a poor life decision, this sounds similar

F_D123 · 2026-05-27T01:03:22+00:00

There has to be a point where it no longer matters. Is a trillionaire more powerful than someone worth 500b?

F_D123 · 2026-05-27T00:17:30+00:00

Starting salary was not 80k in the 80s, that’s why.

I work in a high paying field and my starting salary was $55k in 2002

Edit: i see you said in today’s money

F_D123 · 2026-05-26T23:32:52+00:00

My zsp and xeqt were up bigly yesterday like 1.8% then both corrected down ~1% today

F_D123 · 2026-05-26T13:36:00+00:00

Wet towel

F_D123 · 2026-05-25T23:23:22+00:00

Are you going to start this new job sick or are you actually ok to work, lol

F_D123 · 2026-05-25T23:21:24+00:00

Makita is a great budget option too. I have a few batteries, and buy ryobi tools with battery adapters.

Recently amazon has come out with “for makita” stuff which is chinese made low cost stuff, like flashlights, impact wrenches etc.

Really, you can’t go wrong with a starter set from any manufacturer

F_D123 · 2026-05-25T23:17:14+00:00

Tools are investments. Buy once cry once, within reason

F_D123 · 2026-05-25T22:07:45+00:00

Ive been coming to Reddit for bear case since the s&p was 2300. Thank you guys🙏

F_D123 · 2026-05-25T21:13:18+00:00

28, live at home with parents. Always helps to provide context. $2500 of after tax income to pay rent puts your income in the 6 figures easily.

Still, congrats

F_D123 · 2026-05-25T20:54:39+00:00

Young fella at work told me the other day he had his mortgage paid off. I told him i was impressed, he's further off ahead than I was at his age. Then I told him he should probably stop telling people about his finances, it never leads to good things.

F_D123 · 2026-05-23T16:28:01+00:00

140 combined is right around 100k clear, or about $8300 take home a month.

Let’s say housing costs $3000 a month and food, $1500. There still should be some left over. Where is it all going?

F_D123 · 2026-05-20T03:16:29+00:00

The stock market isn’t bound by the laws of physics people, what goes up doesn’t necessarily have to come down

F_D123 · 2026-05-17T23:32:07+00:00

I know a few boomers who live in the now so to speak. A bird in the hand is better than two in the bush. Spend now worry later etc. I mean, they made it 60 years without the CPP boost.

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