Employer Health Spending Account and Group RRSP
Hello,
Could use some advice. My employer offers benefits through a tax-free health spending account. Being a young, single guy, I don't have a use for most of them. Funds not spent can be contibuted to a group RRSP or forfeited. No employer matching on funds.
Seeing that Im in the lowest tax bracket, does it make sense to have these funds contributed? Or better to let this free money just go to waste in order to save contribution room until im in a higher tax bracket. Its about $1500 a year.
Could use some advice. My employer offers benefits through a tax-free health spending account. Being a young, single guy, I don't have a use for most of them. Funds not spent can be contibuted to a group RRSP or forfeited. No employer matching on funds.
Seeing that Im in the lowest tax bracket, does it make sense to have these funds contributed? Or better to let this free money just go to waste in order to save contribution room until im in a higher tax bracket. Its about $1500 a year.