Investment Plans
RESP (Education Plan)
A Registered Education Savings Plan (RESP) is a tax-advantaged savings plan in Canada designed to help parents and guardians save for the post-secondary education of their children.
RRSP (Retirement Plan)
A Registered Retirement Savings Plan (RRSP) is a tax-advantaged savings plan in Canada designed to help individuals save for their retirement. RRSP contributions are tax-deductible, and the investment income earned within the plan grows tax-deferred until withdrawal.
TFSA
A Tax-Free Savings Account (TFSA) is a flexible and tax-advantaged savings account available to Canadian residents. TFSAs are designed to help individuals grow their savings and investments without incurring taxes on the income generated within the account or on withdrawals.
FHSA
An FHSA (First home savings account) is a tax-free savings account designed to help future homeowners save for the purchase of a qualifying first home in Canada. You can then use the accumulated funds to finance the purchase of a first home without having to pay taxes on withdrawals, and without having to repay the amounts withdrawn from the FHSA.
