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In the current economic climate, contributing more to your RRSP or TFSA could be a very good solution.
Over the long term, the returns generated, the non-essential expenditure avoided and the potential tax savings you can benefit from, multiplied by the number of years you contribute, could help you mitigate the effects of inflation.
Systematic investing (deposits by automatic pre-authorized debit) is by far the best savings approach and yields profitable long-term results.
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