ING Direct Orange Key

How to save money and earn extra money with banking

  • $25 Orange Key “34908230S1”

    Simply enter this number in when signing up with ING Direct Canada, and receive $25 within 24hrs of depositing $100 into your account.

    Just type in 34908230S1 when signing up for an ING Direct Canada account. This is my code so we'll both get the bonus when it's issued ($25 each)

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A thought about TFSA & RSP strategies

Posted by martinharford on October 28, 2009

I was sitting around earlier thinking about different ways you can use a TFSA and RSPs.  In doing so it occured to me that when the Canadian government set up the TFSA they may have unintentionally changed the face of the savings account game a bit.

First of all let’s review the difference briefly:

  • TFSA – you pay income tax on money you put in but not on money you don’t
  • RSP – you don’t pay income tax on money you put in but you do when you take it out

And of course the similarity between the two being that you don’t pay income tax on whatever gains you make while it’s in the account.

So basically to me this means [I’m not going to do any math here but feel free to verify and comment if you find otherwise]:

  • Early in life when your income is low and your tax bracket is too you should contribute as much as possible to a TFSA since you theoretically will be paying more taxes when you retire (you pay first but less taxes)
  • Later in life, but before retirement, your tax bracket is likely to be higher then when you retire so you should contribute to an RSP since you’ll be paying less taxes when you retire

Now the tricky thing is in the middle at some point there will likely be once you’ve transitioned from the stage where you are better with an RSP then a TFSA.  What could you do with the unused TFSA contribution space?

Well, I was thinking that what if you just used it as your regular savings?  This means that money you were saving up for a down payment on a new car, or maybe that big vaction next year could be kept in a no interest account until you actually need it.  What a novel idea, for the average person who never actually reaches their full contribution on their RSP and now TFSA why wouldn’t this work?

And for that matter maybe at some point in the middle (and I don’t know the accounting part of it) you could actually take money out of your TFSA put it into your RSP and get the income taxes back on it.  Sneaky, huh?


27 Responses to “A thought about TFSA & RSP strategies”

  1. T said

    If anyone needs a new key for December 2010 or 2011,

    mine is active: 35354159S1



  2. Rob said


    Orange Keys 17453092S1 and 34880608S1

    These codes do not expire!

  3. Robyn said

    This Orange Key idea is genius. I noticed that these posts are a little out of date. If anyone reading this needs a currently active orange key, please feel free to use mine (received today, May 5, 2011): 35845026S1

  4. Ginny said

    Brand new Orange key as of May 2011:


  5. Mark said

    Use the following ING Orange Key updated daily.


  6. Joyce said

    New Working Orange Key – 35821095S1

    Open an ING account with a minimum deposit of $100, use this key, and get $25 bonus.

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  7. DSB said

    If you’re in need of an active orange key, here’s one you’re welcome to use:


    Cheers and happy savings!

  8. staffpro said


    Sign up!!!! and enter the above key!!!

  9. Melanie said

    WARNING!!! Do NOT use the orange key on this site. It has already been used up and can no longer be used. You CANNOT take advantage of ING’s free $25 using it. I opened a new ING account using the number on this site. I thought I was gonna get $25 free, but later found out that the Orange Key was expired. I managed to call ING and explain the situation.

    Luckily, they let me use another Orange Key (one that’s VALID). If anyone wants a WORKING, VALID Orange Key go to this site:

    I’ve confirmed that this Orange Key is VALID and WORKING. It was recently created and never used before so it WILL NOT EXPIRE for a while.

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  10. Derrick said

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  11. Jacqui said

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  13. Amir said

    Free money? win/win situation? You get 25 and I get 25?

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  14. Ralph Zenden said

    Here is an up-to-date ING Orange Key good until 2015 for the $25 referral bonus 17465528S1

  15. blairg said

    Verified and working Orange Key Code: 19589449S1
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    Use this Orange Key to get your free $25 from when opening a new account

    Sign up for an ING Direct Savings Account or TFSA or any other type of account (Thrive, TFSA, ISA, RRSP, Mortgage).
    Paste the Orange Key code in the specific box at the bottom right of the form/page and fill out the rest of the form.

  16. Sandra said

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  17. steve said

    use this up to date orange referral code to get the $50 bonus 17289125S1

  18. You can use my orange key as well – still good for tons of refferals – 35329210S1.

  19. I just got my key 🙂 Please help me get my first referral 😀
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  20. adampdarkplace said

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  21. adampdarkplace said

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  22. I think that RRSP is over valued,,, unless most people are planing to be poor in the “golden” ages, then it would make sense….

    But if you are planning on having more than you do know then a TFSA account would make more sense.

  23. Chris said

    ING Direct Orange Key: 34427019S1

    Open a new ING Direct Thrive, GIC, ISA, RSP or TFSA with an initial deposit of $100 or more by December 31, 2012 and use Orange Key 34427019S1 to earn yourself a free $50 bonus.

  24. Naki said

    Use my orange key to get 50 dollars when you open an ing direct bank with min 100 seposit

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  25. Mudkips said

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  26. Clay said

    Here is my working ING Direct Canada orange key to get the $50 referral bonus before the end of 2012…..17465528S1

  27. Prasanna said

    Hi this is my Orange Key 41043469S1…I don’t have a person to refer me…How ever has more than 100$ in Account and calls the customer support and refers me first will get a referral bonus $ 50 and I will also get $ 50 since some one has refereed me…Acct opened on Dec 5th, Name: Prasanna V Balasubramaniam…Thanks…Merry Christmas

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