Investments
TFSA - Tax Free Savings Account
A TFSA is a registered account that lets Canadians earn investment income tax-free.
- Tax-free growth: Interest, dividends, and capital gains earned in the account are not taxed — even when withdrawn.
- Flexible withdrawals: Take money out anytime, for any reason, with no tax penalty.
- Contribution room returns the following year after a withdrawal.
- Not just for savings: You can hold stocks, ETFs, mutual funds, GICs, and more inside a TFSA.
RRSP - Registered Retirement Savings Plan
An RRSP is a government-registered account designed to help Canadians save for retirement while deferring taxes.
Tax deductible contributions
- Contributions reduce your taxable income for the year.
Tax-Deferred Growth
- Investments grow tax-free while inside the RRSP.
- You only pay tax when you withdraw funds, ideally when you're retired and in a lower tax bracket.
Non-Registered Account
A non-registered account is a flexible, taxable investment account with no contribution limits and no tax-sheltering benefits, but fewer restrictions than registered accounts (like TFSA/RRSP).
Unlimited Contributions
- No cap on how much you can invest.
- Ideal for high-net-worth clients who’ve maxed out their TFSA and RRSP.
Full Flexibility
- No age limits, income requirements, or contribution deadlines.
- Withdraw money anytime, without restrictions or penalties.