Registered investment plans

Registered Retirement Savings Plan (RRSP)

Tax-deferred saving for retirement

Watch your retirement nest-egg grow for the long-term, with tax-deductible contributions in the short-term.

• Build wealth over time
• Enjoy tax-free gains
• Contributions are tax-deductible
• Carry forward annual contribution room

Registered Education Savings Plan (RESP)

Save for children’s education

Start saving for your kids education with an RESP. Earn interest on your investment and receive government grants to save even more.

• Investment growth tax free
• Up to $10,400 in total grants available from the federal government
• Individual or family savings plans

Registered Retirement Income Fund (RRIF)

Withdraw an income in retirement

Converting to an RRIF at 71 allows you to withdraw from your RRSP and provide yourself with income to help you enjoy your retirement.

• Continued tax shelter for your investments
• Flexible yearly withdrawal payments, with an annual minimum
• No annual withdrawal limit but funds may be taxed

Tax-Free Savings Account (TFSA)

Grow your money, tax-free

Perfect for short, medium, and long-term saving, you’ll pay no tax on your gains when you’re ready to withdraw and use them.

• Earnings from income or interest is always tax free
• Carry forward annual contribution room
• No restrictions on use of funds

Registered Disability Savings Plan (RDSP)

Tax-deferred saving for people with disabilities

A plan for people with disabilities, who often have specific long-term financial needs, such as money for medical expenses.

• Anyone can contribute to a RDSP on behalf of the beneficiary
• Eligible for most investment options under registered plans
• Receive tax deferred investment growth

First Home Savings Account (FHSA)

A First Home Savings Account (FHSA) is a new registered plan that lets you save tax-free for a down payment on your first qualifying home

• Qualified withdrawals from your FHSA to buy a home won’t be taxable.
• Like an RRSP, contributions can be used as deductions against your earned income, lowering the tax you pay when you file your return.
• Like a TFSA, your investment earnings won’t be taxed.
• You can keep your FHSA open for 15 years. If you don’t end up buying a home, you can transfer your FHSA savings to an RRSP or RRIF without paying taxes on the transfer.

Have you considered a mutual funds* portfolio?

Withdraw an income in retirement

Mutual funds enable you to invest in a portfolio of stocks, bonds and other investable assets—professionally managed by a team of investment professionals.