Author Topic: Newbie Needing Help  (Read 1210 times)


  • 5 O'Clock Shadow
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  • Posts: 1
Newbie Needing Help
« on: February 10, 2017, 10:58:25 PM »

I have maxed my TFSA with about 11k contribution room in RRSP and 16k cash sitting in my savings account right now. My annual income is 40k and I don't think I'll be in the second tax bracket until 2 or 3 years later. My employee does a 2% match for RRSP which I have been maximizing; other than that, I have never contributed to my RRSP. Should I start contributing to my RRSP now or wait until I am in the second tax bracket and start investing in taxable accounts instead?

I save about 18k - 20k a year so if I don't do anything with it... I'll have too much cash sitting in savings by the end of the year =/

TFSA currently consists of:
35k in mutual funds - slowly moving it out to ETFs
17k in ETFs (30% CAD, 40% US, 30% INT) - thinking of reducing it to 15% INT and 15% Bonds later

Any advice would be greatly appreciated!



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