Retiring surgical nurse Richard wants to know whether to max out RRSPs or top up TFSAs

Richard is a surgical nurse heading into retirement, and he is weighing a familiar fork in the road: put spare savings into his RRSP, or steer it toward his TFSA instead. Both shelter growth, but they behave differently at contribution time and again when the money comes out, so the right call depends on his income now versus what he expects to draw later, and on how each choice interacts with his eventual tax picture. One angle worth thinking through is that the two are not strictly either-or. Filling the RRSP can generate a refund, and that refund can then be used to top up the TFSA, letting both accounts do some work. The piece is a practical look for anyone near retirement trying to decide where the next dollar of savings should land.