Choose your own investment plan

Registered retirement savings plan not only allows you to save for retirement, but also can be used as tax deductible, to finance the purchase of a first property (HBP), or to go back to school (LLP)

A spousal RRSP allows you to contribute money to your spouse or common-law partner's registered retirement savings plan, up to your personal contribution limit.

This helps you balance your income as a couple and works best when a large disparity exists between you and your spouse's income.

Registered education savings plan allows you to start saving early for your child's education, and take advantage of generous government grants.

The regular contributions and grants generate interest and it grows tax free.

A tax-free savings account is ideal for medium or long term savings project. The returns generated in the account are tax-free.

An FHSA combines some of the features of an RRSP and TFSA.

Contributions will generally be tax-deductible, and when a qualifying withdrawal is made, the amount withdrawn is not-taxable

A Registered Disability Savings Plan (RDSP) is a special program for Canadians with disabilities and their families, to help save for long-term financial needs like future medical costs.

You can contribute as much or as little as you want in any given year, and you can continue to make contributions up until the end of the year in which the beneficiary turns 59.

While RDSP contributions are not tax-deductible, income earned grows on a tax-deferred basis. When withdrawn, the funds are taxed as income. You may be eligible for government assistance in the form of grants and bonds.