PSA to savers: If your TFSA and RRSP are maxed, you can use an unregistered account

For many, this PSA is either obvious or irrelevant. This is for those who ask what to do when they’ve maxed both their registered accounts.You can open a non registered account. You can do this with your brokerage. You will pay capital gains tax but can also claim losses. If you have excess cash (without a designated near term purpose) but don’t know what to do, you can continue investing.That’s all. via /r/PersonalFinanceCanada https://ift.tt/3CvNjnK