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Originally Posted by GGG
TFSAs don’t start until a person is 18.
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Oh, I didn't realize that about TFSAs. Thanks.
Quote:
Originally Posted by GGG
If she plans on going to post secondary an RESP would make sense because the government will match 20% but otherwise a regular non-sheltered account makes the most sense.
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She talks about it but in all honesty I can't see her going to post secondary.
Quote:
Originally Posted by GGG
Is this saving for retirement or saving for a purchase sometime in the future because that would determine what to invest in based on the time horizon.
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I suppose the ultimate goal is retirement as I wish I started saving a lot earlier than I did, but I suppose if she used it, one day, to buy a house or something along those lines that would be great too.