Accounts
If you want to make your money work for you, then you have to make sure it’s in the right account. Some accounts are for retirement, some are for short-term savings, some have tax advantages. Sound confusing? It’s actually not. We swear. Let us show you the way.
Everything You Need to Know About Tax-Free Savings Accounts (TFSAs)
A Tax-Free Savings Account is not only one of the great wonders of the world; it’s also one of the great misnomers of the English language. Why? Well, it’s so much more than a boring savings account.
What is an RRSP? Registered Retirement Savings Plan Explained 2025 | Wealthsimple
An RRSP is one of the most important accounts Canadians can use to prepare for retirement. Read on to learn everything you need to know to open one and start investing.
Wealthsimple is investing on autopilot.
Other resources
Learn more about accounts
FHSA vs. TFSA vs. RRSP
10 min read
Instead of stressing with a calculator or calling your accountant, you can figure out which tax-sheltered account is best for you — FHSA, RRSP, or TFSA — with this very simple (and fun!) flow chart.
How to Deal With TFSA Over-Contributions
3 min read
TFSAs are a great deal for tax-free savings and investments. But over-contributing can get expensive, so it's important to know exactly how to deal with them if they do happen.
Everything You Need to Know About Tax-Free Savings Accounts (TFSAs)
5 min read
A Tax-Free Savings Account is not only one of the great wonders of the world; it’s also one of the great misnomers of the English language. Why? Well, it’s so much more than a boring savings account.
TFSA Transfers Explained
3 min read
TFSA transfers: What you need to know and a step-by-step guide for moving your TFSA
What's a joint account?
3 min read
Does opening an account with someone else make sense for you? Here’s what you need to know about joint accounts before you co-sign on the dotted line.
Chequing vs Savings Account
4 min read
What's the difference between a savings and chequing account — we compare them both and let you in on the pros and cons of each.
Registered Education Savings Plan (RESP): What it is and how it works
8 min read
An RESP is a tax-advantaged savings account for a child’s future education, funded by the Canadian government. Here’s how to save using an RESP.
Popular online banks in Canada
3 min read
There are unique advantages to using online-only banks. Here are some of the most popular online banks in Canada, as well as their advantages.
Popular Banks in Canada
13 min read
We’ve rounded up some of Canada’s popular banks, including online-only banks and alternative financial institutions for a comprehensive guide.
RESP Withdrawal Rules 2025 in Canada
5 min read
Here’s what you should know before you attempt to take money for your Registered Education Savings Plan (RESP).
Converting an RRSP to RRIF
4 min read
Want to maximize your retirement savings? Convert your RRSP to RRIF to continually grow your money and defer your taxes as long as possible.
RSP vs RRSP: What is The Difference?
6 min read
An RSP is any type of taxed advantaged registered account and an RRSP is one for retirement.
TFSA Rules in Canada 2025
5 min read
A guide to help you understand TFSA rules, including contribution, withdrawal, and investing rules.
What is an RRSP? Registered Retirement Savings Plan Explained 2025 | Wealthsimple
4 min read
An RRSP is one of the most important accounts Canadians can use to prepare for retirement. Read on to learn everything you need to know to open one and start investing.
RRSP contribution deadline for 2024
1 min read
Find out when the RRSP contribution deadline is this year and how much you can contribute.
Accounts to save for retirement
4 min read
Learn what accounts can help you better save for retirement and what to do with them.
A Comprehensive Guide to RRSP Transfers
3 min read
Guide to RRSP transfers for Canadians: benefits, types, reasons, and steps to move your RRSP
What is the TFSA limit for 2025?
5 min read
Curious to know the TFSA limit for this year or any year since 2009? We've got 'em all, plus other important information about limits.
Everything You Need to Know About RRSP Contributions
7 min read
A Registered Retirement Savings Plan (RRSP) is a savings account to help you plan for your retirement. Here’s how it works.
When’s the TFSA Deadline for 2025? | Wealthsimple
1 min read
Instructions on the 2025 deadline for investing in your TFSA account.
What is a Spousal RRSP?
5 min read
It's one of the ways that Canadian couples (spouses or common law partners) can split income in retirement. Find out everything you need to know here.
RRSP Withdrawals: What You Should Know
7 min read
Thinking of withdrawing your RRSP? Here's everything you need to know about RRSP withdrawals, from withholding tax to withdrawal rules.
What is a chequing account?
4 min read
A chequing account is a type of bank account where you can hold and spend your money. Learn more about the uses and considerations.
How to Deal with Unused RRSP Contributions
3 min read
Unused RRSP contributions are contributions that were made to your RRSP but did not deduct them on your tax return.
TFSA Withdrawal – Top Things to Know
5 min read
You want to take money out of your TFSA. Here's everything you need to know about withdrawal fees, penalties, taxes, and more.
RPP vs RRSP Pensions: What's The Difference? | Wealthsimple
5 min read
Saving for retirement is a big job best done slowly and steadily over many years. But like every long journey, it must begin with a first step: Setting up the right retirement savings accounts to guide you toward financial security.