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Use RRSPS & TFSAs
Of all the tax tips you'll read on these pages, this is the one that's most important—after all, it's the No. 1 way to thwart the tax man.
This chart shows how much faster weekly $100 contributions made in an RRSP over 40 years grow versus a regular taxable savings account.
Tax savings: The more you make and the more you contribute, the more you'll save.
For more information on how and why this works, click here.