Giving advice is easy. Giving GOOD advice is much more difficult. I have jusy gone through this with my daughter this morning. It will be her call what she does. An RRSP isn't everything it is cracked up to be. The big thing to remember is that this money inside an RRSP is NOT tax free. It is tax deferred. You will pay tax when you withdraw it. So the question becomes, what tax bracket will you be in at retirement. At $80,000 of income, you lose your old age pension. Around $50,000 you lose your age exemption. So having too big an RRSP can be the wrong thing. But this is now dependent on if you have a pension from work. If you do not have one, the decision becomes more difficult. I like the TFSA and agree with many others who have written here. A TFSA for each spouse with the limit in Noront is my choice. Most of us now have 5,000 shares in each account, and some lucky ones a few more. But working on the minimum, 10,000 shares going to $20 ( just so crazydick can wake up ) you now have $200,000. No tax consequenses at all to worry about. If you want to put the balance in an RRSP , go ahead. If it works out, the money in the TFSA will not be taxed, the balance will down the road. Hope this helps some, but it is your call.