Why Playing a Game Helps

Reading about tax codes is boring; making choices and seeing how they affect a virtual score makes it stick. In this game, you’ll quickly learn that the “best” account depends entirely on the person.

By playing around with different ages and incomes, you’ll see the cost of making the wrong choice. For example, you might discover that using an RRSP to buy a house is a brilliant move for some, but a big mistake for others who should have used a TFSA. Practicing here helps prevent you from making those mistakes with your real money.

Helpful next steps

Once you’ve sharpened your skills here, you can figure out your own real-world strategy using our RRSP vs TFSA Decision Helper to see the exact numbers behind your next contribution.

To make sure your savings are growing as expected, check out the Net Worth Tracker. Or, if you just need a quick refresher on how these accounts work, read our What is a TFSA? guide.

The bottom line

“The goal isn’t just to save money; the goal is to keep as much of your own money as possible away from the tax man. Playing this game helps you understand the simple rules required to do exactly that.”