Young people and money is a conversation that usually starts with what to open. Anita Bruinsma says the more important conversation is what happens after. Most people open their TFSA, make the contribution, and stop. The money sits earning 0.2 percent. Step two is getting it invested and a lot of people never take step two.

What does it feel like to find out you have had a savings account for five years and lost ground to inflation because you thought putting money in was the whole thing? The order matters too: for most people in their early twenties, first home savings account first, TFSA second, RRSP third. But the tax deduction from the first home savings account does not have to be used the year you contribute. If you are going to be earning more in four years, hold it and use it then.

The TFSA limit for 2026 is $7,000. Going over it costs one percent per month. Multiple TFSAs at different institutions are allowed and each one can serve a different goal. The vacation fund and the retirement fund do not have to live in the same account.

Topics: young people and money Canada, TFSA investing tips, first home savings account order, RRSP versus TFSA, compounding interest

GUEST: Anita Bruinsma | http://clarityonyourmoney.com

Originally aired on 2026-04-07

Young people and money is a conversation that usually starts with what to open. Anita Bruinsma says the more important conversation is what happens after. Most people open their TFSA, make the contribution, and stop. The money sits earning 0.2 percent. Step two is getting it invested and a lot of people never take step two.
What does it feel like to find out you have had a savings account for five years and lost ground to inflation because you thought putting money in was the whole thing? The order matters too: for most people in their early twenties, first home savings account first, TFSA second, RRSP third. But the tax deduction from the first home savings account does not have to be used the year you contribute. If you are going to be earning more in four years, hold it and use it then.
The TFSA limit for 2026 is $7,000. Going over it costs one percent per month. Multiple TFSAs at different institutions are allowed and each one can serve a different goal. The vacation fund and the retirement fund do not have to live in the same account.
Topics: young people and money Canada, TFSA investing tips, first home savings account order, RRSP versus TFSA, compounding interest
GUEST: Anita Bruinsma |<a href="http://clarityonyourmoney.com"> http://clarityonyourmoney.com</a>
Originally aired on&nbsp;2026-04-07

Shane Hewitt & The Nightshift is your late-night companion for real talk, bold ideas, and unfiltered conversations that matter. Hosted by Canadian radio veteran Shane Hewitt, each episode dives into the headlines, human stories, and hidden truths shaping our world—always with curiosity, compassion, and a sharp edge.

From politics and pop culture to mental health, technology, and everyday life, this podcast is where night owls, deep thinkers, and curious minds come to connect. Featuring expert guests, passionate callers, and Shane’s signature style—thoughtful, fearless, and refreshingly real.

If you crave meaningful dialogue, smart perspectives, and late-night radio energy in podcast form, subscribe now and join The Nightshift.

Shane Hewitt &amp; The Nightshift is your late-night companion for real talk, bold ideas, and unfiltered conversations that matter. Hosted by Canadian radio veteran Shane Hewitt, each episode dives into the headlines, human stories, and hidden truths shaping our world&mdash;always with curiosity, compassion, and a sharp edge.
From politics and pop culture to mental health, technology, and everyday life, this podcast is where night owls, deep thinkers, and curious minds come to connect. Featuring expert guests, passionate callers, and Shane&rsquo;s signature style&mdash;thoughtful, fearless, and refreshingly real.
If you crave meaningful dialogue, smart perspectives, and late-night radio energy in podcast form, subscribe now and join The Nightshift.

Shane Hewitt and The Nightshift

Shane Hewitt is known for his engaging and relatable on-air personality, which captivates listeners. His ability to blend insightful commentary with humour and empathy creates a genuine connection with listeners.  Shane Hewitt and the Night Shift provides relatable content, informative discussions and expert insights – along with a balance of anecdotes and entertainment.

Shane Hewitt is known for his engaging and relatable on-air personality, which captivates listeners. His ability to blend insightful commentary with humour and empathy creates a genuine connection with listeners.  Shane Hewitt and the Night Shift provides relatable content, informative discussions and expert insights – along with a balance of anecdotes and entertainment.