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?

7 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's a corporate account?

1 min read

It's the answer to a question as old as the CRA.

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

The Waterfall Method

This lesson will take you step-by-step through each of the most important buckets for holding your money and the exact order to fill those buckets.

Retirement Calculator

Our free retirement calculator will help you understand how much you’ll need to save for retirement. Get started by telling us about your current financial picture.

Learn more about accounts

See all

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.

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.

What is an RRSP & How Does It Work?

7 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.

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.

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's a GRSP?

4 min read

A GRSP is a retirement savings plan administered by your employer.