<prompt> Human: Im just curious about what type of account I should be using to save money for a downpayment. I know I can use an RRSP for the first time homebuyer and the rest should be savings towards retirement. Does it make sense to save using a TFSA? I havent maxed out either, but are there any other wiser accountsmethods I should be using or should I just keep as much as I can in my normal savings account?  <response>: You might have better luck posting to rpersonalfinancecanada. That said, if youre not aware, you can only take out 25k from your RRSP for the home buyers plan, so if you need more than that for your down payment its a good idea to save the extra elsewhere, like a TFSA. You should also consider the risk profile for your RRSP and TFSA, since youre going to be pulling the money out much sooner than retirement so you likely cant tolerate major short term losses. 