Your RRSP is a heckin’ powerful account that can save you a lot of money in taxes—if you use it properly. Figure out all the nuances of the account and how to use it right this way.
Over the past four years, I’ve written a lot about it, but even that only scratches the surface, because investing is one of those really complex topics you could study for a decade and still learn something new every day. That’s why it can feel so intimidating—but it doesn’t have to.
Whether your side hustle is a few bucks here and there, or a more structured, consistent source of income, you need to manage it (and you definitely need to track it for tax time!). Here’s a system I use to do exactly that.