RRSP Save for Retirement While Reducing Your Taxes What is an RRSP? A tax-advantaged account for retirement savings in Canada. Contributions are tax-deductible, and investment growth is tax-deferred until withdrawal. How It Works: Annual contribution…
TFSA Grow Your Savings Tax-Free What is a TFSA? A flexible investment account where contributions are not tax-deductible, but growth and withdrawals are tax- free. How It Works: Annual contribution limit (e.g., $6,500 in 2025)…
FHSA Save for Your First Home Tax-Efficiently What is a FHSA? The First Home Savings Account (FHSA) is a Canadian registered account that helps first-time homebuyers save for their first home tax-efficiently. Contributions are tax-deductible,…
RESP Invest in Your Child’s Education How It Works: Annual contributions eligible for Canada Education Savings Grant (CESG): 20% of contributions up to $500/year Investments grow tax-free until withdrawn for education purposes Tips / Things…
Non-Registered Investments Flexible Growth Beyond Registered Accounts What are Non-Registered Investments? Flexible investment accounts without tax advantages, outside registered plans. How It Works: Can invest in stocks, bonds, ETFs, mutual funds, or other instruments Capital…
