Accounts
You’ve got a lot of investing accounts to choose from — RRSPs, RESPs, FHSAs, TFSAs. Most are four-letter acronyms and, at first, seem really confusing. But don’t worry, we can show you the way.
FHSA vs. TFSA vs. RRSP
Instead of stressing with a calculator or calling your accountant, you can figure out which tax-sheltered account is best for you with this simple flow chart.
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Other resources
Learn more about accounts
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.
Everything You Need to Know About Tax-Free Savings Accounts (TFSAs)
5 min read
A Tax-Free Savings Account is one of the great wonders of the world — and one of the great misnomers of the English language. Why? It’s so much more than a boring savings account.
How to Withdraw RRSP Money Without Paying Tax
6 min read
Most early withdrawals from your RRSP come with taxes or penalties. But there are some exceptions.
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.
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.
Pump-and-dump schemes: How to spot and avoid fraud
4 min read
Learn what pump-and-dump schemes are, spot warning signs, and protect your money from investment fraud in Canada's fast-moving, social-media-driven markets.
TFSA Transfers Explained
3 min read
Discover what you need to know and a step-by-step guide for moving your Tax-Free Savings Account.
When is the RESP Contribution Deadline?
1 min read
Curious to know the RESP deadline? December 31. Read on for some other things you should know about putting money in an RESP.
RRSP vs TFSA: The Ultimate Guide
18 min read
We love both RRSPs and TFSAs. They're great retirement-saving tools that offer significant tax benefits. But which account is right for you?
Registered Education Savings Plan: 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.
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.
What is an RRSP? Registered Retirement Savings Plan Explained 2025
4 min read
An RRSP is one of the most important accounts Canadians can use to prepare for retirement. Learn everything you need to know to open one and start investing.
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.
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.
TFSA Rules in Canada 2025
5 min read
A guide to help you understand TFSA rules, including contribution, withdrawal, and investing rules.
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.
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.
When’s the TFSA Deadline for 2025? | Wealthsimple
1 min read
Instructions on the 2025 deadline for investing in your TFSA account.
RRSP contribution deadline for 2024
1 min read
Find out when the RRSP contribution deadline is this year and how much you can contribute.
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.
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.
A Comprehensive Guide to RRSP Transfers
3 min read
Guide to RRSP transfers for Canadians: benefits, types, reasons, and steps to move your RRSP
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).
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.
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 how to deal with them if they do happen.
Accounts to save for retirement
4 min read
Learn what accounts can help you better save for retirement and what to do with them.
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.