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He earns $200,000 annually and wants to prioritize his goals
RELATED: 4 smart things to do with your tax refundYou don’t mention if you have any balances owing on consumer debt like credit cards? If you do, then that should be the first priority as the interest rates can often be 19% or more. And finally, while a TFSA will not reduce your taxes owing on current income, if you have additional funds, it’s a great investment vehicle to start building up. Janet Gray is a Certified Financial Planner (CFP) with Money Coaches Canada in Ottawa
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