Tax-advantaged accounts
RRSP
There are many ways to save and invest for retirement, but Registered Retirement Savings Plans (RRSPs) are often the first choice because of the tax-deferral advantages they offer.
TFSA
Income and capital gains on money you invest in a Tax-Free Savings Account (TFSA) are completely tax free.
RESP
A Registered Education Savings Plan (RESP) is a tax-deferred savings and investment account that helps you save money for your child's post-secondary education.
RRIF
A Registered Retirement Income Fund (RRIF) is a registered account designed for Canadians who are withdrawing from their invested savings to fund spending needs in retirement.