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.

What is a TFSA & How Does It Work?

16 min read

A TFSA is about the most versatile account ever devised for Canadians who don't like paying taxes. Read on for a primer on everything you need to know to open one and start investing.

What is an RRSP & How Does It Work?

11 min read

An RRSP happens to be the most important account for every Canadian who hopes to build a nice little retirement nest egg. Read on to learn everything you need to know open one and start investing.

Chequing vs Savings Account

5 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.

RESP Guide: What it is & How it Works

6 min read

An RESP is an investment account designed to help you save for a child's education.

What is a Corporate Account?

3 min read

It's the answer to a question as old as the CRA. Find out what a corporate account is and why you might use one.

What's a LIRA?

2 min read

It's an account that lets you roll over money from a pension account after you leave your job.

Wealthsimple is investing on autopilot.

Other resources

TFSA Calculator

Our free TFSA calculator will help you understand how much your TFSA could be worth and how much tax you could save. Get started by telling us about your current TFSA contributions.

RRSP Calculator

Our free RRSP calculator will help you can contribute to an RRSP and what it could be worth. Get started by telling us about your current retirement savings.

Learn more about accounts

See all

What is a Corporate Account?

3 min read

It's the answer to a question as old as the CRA. Find out what a corporate account is and why you might use one.

What is a TFSA & How Does It Work?

16 min read

A TFSA is about the most versatile account ever devised for Canadians who don't like paying taxes. Read on for a primer on everything you need to know to open one and start investing.

Home Buyers Plan - What You Should Know

9 min read

Learn how you can withdraw up to $35,000 tax-free to be used towards a down payment for your house under the RRSP Home Buyers' Plan

RRSP Contribution & Deduction Limit

6 min read

If RRSP deduction and contribution limits have your head twirling we have all the information you need.

What is an RRSP & How Does It Work?

11 min read

An RRSP happens to be the most important account for every Canadian who hopes to build a nice little retirement nest egg. Read on to learn everything you need to know open one and start investing.

TFSA Limit By Year From 2009-2020

4 min read

Curious to know the TFSA limit for this year or any year since 2009. We got 'em all plus other important information about limits.