Investments
Investing for retirement in Canada presents unique opportunities through vehicles like RRSPs, TFSAs, and segregated funds. Together, these investment tools empower Canadians to strategically grow their retirement savings, take advantage of tax benefits, and create a robust financial foundation for a secure and prosperous retirement.
Investment Accounts

A Registered Retirement Savings Plan (RRSP) is a tax-advantaged investment account designed to help Canadians save for their retirement. Contributions made to an RRSP are tax-deductible, meaning they can be used to reduce taxable income, providing an immediate tax benefit. The funds within an RRSP grow tax-deferred until withdrawal, at which point they are taxed as income. RRSPs offer a wide range of investment options, including stocks, bonds, and segregated funds, allowing individuals to build a diversified retirement portfolio. This financial tool encourages long-term savings and is an integral part of retirement planning for many Canadians.
Registered Retirement Savings Plan

A Tax-Free Savings Account (TFSA) is a versatile and tax-advantaged savings vehicle available to Canadians. Unlike traditional savings accounts, contributions to a TFSA are made with after-tax dollars, but any investment income, capital gains, or withdrawals from the account are tax-free. TFSAs can hold various investment types, such as stocks, bonds, segregated funds, and savings deposits. They offer flexibility, allowing individuals to withdraw funds at any time without tax consequences, and unused contribution room accumulates, providing an opportunity for long-term wealth growth. TFSAs serve as a valuable tool for achieving financial goals, from short-term objectives to long-term savings and retirement planning.
Tax Free Savings Account

A First Home Savings Account (FHSA) is a new account option that blends many of the features of an RRSP with those of a TFSA.
Within your FHSA, you can hold many of the same types of investments as you would in a TFSA or RRSP, including cash, Segregated Funds, and GICs.
Like an RRSP, contributions will generally be tax-deductible, meaning they could potentially reduce the amount of tax you pay when it's time to file your income taxes. Similar to TFSA withdrawals, when a qualifying withdrawal is made from your FHSA to purchase a qualifying home, the amount withdrawn, including any income or gain, is not-taxable.

First Home Savings Account

A Non-Registered Savings Account refers to a standard savings or investment account that isn't associated with specific tax advantages like those offered by registered accounts such as RRSPs or TFSAs. Contributions to non-registered accounts are made with after-tax dollars, and any interest, dividends, or capital gains earned within the account are subject to taxation.
These accounts provide flexibility as there are no restrictions on contributions, withdrawals, or investment choices. While they lack the tax benefits of registered accounts, non-registered accounts are ideal for individuals seeking liquidity and accessibility to their funds without penalties or contribution limits. Non-registered savings accounts are commonly used for short-term goals, emergency funds, or additional investment opportunities beyond the confines of tax-advantaged accounts.