Tax Free Savings Account
A TFSA can be an effective way to save for the future, even for those who are only able to save a little every year, as your savings will grow more quickly due to the fact that you do not pay any tax on the earnings.
Registered Education Savings Plan
An RESP can be an effective way to save for your child’s education.
Registered Disability Savings Plan
A Registered Disability Savings Plan (RDSP) is a means of supporting those who are disabled and in receipt of Disability Tax Credit to save for the future.
Registered Retirement Savings Plan
A Registered Retirement Savings Plan (RRSP) is a savings account which offers you a simple way to put money away for your retirement.
Registered Retirement Income Fund
A Registered Retirement Income Fund (or RRIF) is usually opened when you transfer money from an existing RRSP. It is a type of savings account which has the advantage of providing you with a consistent and regular source of income in your retirement.