ACCOUNT TYPES

RDSP
This Government-assisted savings vehicle provides a new way to save for the future for individuals or families who are affected by disability. According to Statistics Canada, more than 1.7 million Canadians are impacted. The RDSP can play a critical role in helping create financial security for eligible Canadians with disabilities. Contributions can be invested and grow tax deferred, and the Federal Government offers generous grants and bonds to help beneficiaries accumulate long-term savings.
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TFSA
Starting January 1, 2009, Canadians
will have a new way to save money with the introduction of the Tax-Free Savings Account (TFSA). Applications and resources can be found on the following pages.
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RRSP
Your Registered Retirement Savings Plan (RRSP) helps you save for retirement. It is the single most significant financial opportunity available to Canadians today.
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RRIF
In the year you turn 71, you must close down your RRSP and choose from a number of investment options. One choice is starting a Registered Retirement Income Fund, which allows interest, capital gains and dividends to
compound on a tax-deferred basis.
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RESP
A Registered Education Savings Plan (RESP) is an effective way to maximize the money available to your children when they enroll in a full-time, post-secondary program.
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