In Episode 5 of Dollars Seen Differently, financial expert Selene Mathews-Negash discusses various registered accounts available in Canada, including the Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), First Home Savings Account (FHSA), and Registered Education Savings Plan (RESP). She debunks common myths, such as the misconception that RRSP funds are locked in until retirement and explains the importance of using these accounts to maximize savings. Selene also highlights the significance of starting an emergency fund and offers advice on where to begin investing based on individual goals, emphasizing the importance of government-provided grants and bonds in accounts like the RESP. The episode provides listeners with practical insights into choosing and utilizing the right accounts for their financial needs.

Show notes: https://www.cnib.ca/sites/default/files/2024-11/Dollars%20Seen%20Differently%20Episode%205%20-%20Registered%20Accounts.pdf