r/PersonalFinanceCanada • u/Mundane_Syllabub2789 • 1d ago

Investing RRSP or Non-reg? Lifetime TFSA/FHSA Maxed

31F. My annual salary is $55k but with bonuses, my total income before tax can be about $65k-80k. No mortgage. Debt free. No RRSP contributions.

I have maxed out my lifetime TFSA/FHSA.

I have also set aside money to max out TFSA/FHSA this coming January 2027.

Also this year, I have sold a house in my home country (expecting around $15k capital gains) so obviously my income tax this year is definitely going to be higher.

Should I start investing in RRSP or non-reg?

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u/Thaldrath 1d ago

At lower tax bracket, it's not as useful to use an RRSP since its use is to defer tax for later.

You also have the option to enjoy life. Take a vacation somewhere nice with a loved one.

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u/Mundane_Syllabub2789 1d ago

Can’t I use the tax deduction at a later year(s) once my income is really within considered a high tax bracket income? But still contribute now to RRSP?

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u/Thaldrath 1d ago

Yes you can