The ‘tax-free trap’: How a simple phrase skews Canadians’ savings choices #Canada#Taxes#RRSPs#TFSAs#Investing#Heuristics#TaxFreeTrap#CanadianSavings#FinancialBias#SavingsPlans#RetirementPlanning#SavingsStrategies#PersonalFinance#RetirementSavingsthe-14.com/the-tax-free...
The ‘tax-free trap’: How a simple phrase skews Canadians’ savings choices | The-14
New research shows that the phrase “tax-free” skews Canadians’ savings choices, favoring TFSAs over RRSPs, which can lead to sub-optimal financial decisions.