Accounts

RRSP

Registered Retirement Savings Plan

A tax-advantaged retirement account for individuals or couples.

• Contribute up to 18% of last year’s income or a max of $31,560

• Reduces your tax bill, and earnings on investments are tax-deferred until withdrawal

TFSA

Tax-Free Savings Account

A flexible account that lets you invest and save tax-free.

• Contribute a lifetime value of $95,000

• Withdraw funds any time without any tax penalties

FHSA

First Home Savings Account

Save up to $40,000 toward a down payment and keep any gains tax-free.

• Contribute up to $8,000 per year

• Reduces your yearly tax bill

Non-registered account

An investment account that offers tons of flexibility, but no tax advantages.

• No contribution limits or rules to remember

• Keep as much or as little in the account as you like

Spousal RRSP

Spousal Registered Retirement Savings Plan

Save for retirement with your spouse or common-law partner.

• Like an individual RRSP, growth is tax-deferred

• Couples can optimize the tax benefits of an RRSP if their income levels are different

RESP

Registered Education Savings Plan

Save up to $50,000 for your child’s education and claim helpful government credits.

• The government matches 20% of your contribution (up to $500/year), for a lifetime total of $7,200 per child

• Earnings within your RESP are tax-deferred

Corporate

Perfect for any business that has cash reserves.

• Invest your business’s money in a smarter portfolio where it can grow

• Withdraw at a lower income tax rate during slow years

LIRA

Locked-In Retirement Account

A smart investment account to make the most of your pension.

• Your investments can still grow tax-free even though you aren’t contributing

• Ideal for keeping your retirement money off-limits until you really need it