Your taxpayer has asked you about whether she should invest in the RRSP vs the TFSA. She also has a mortgage as well as some credit card debt.

She just sent you an email asking you about what the difference is between the RRSP and the TFSA and how she should allocate her money.

Required:

Draft your response identifying everything needed to help the taxpayer. You should also identify what information you need form the taxpayer to help you make a more specific recommendation.