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.
Your Registered Retirement Savings Plan (RRSP) helps you save for retirement. It is the single most significant financial opportunity available to Canadians today.
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.
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.
IPPs are alternative retirement savings vehicles that allow for enhanced tax relief and increased pension benefits above and beyond those available through RRSPs and other retirement plans.