Registered Retirement Saving Plan (RRSP) A Registered Retirement Savings Plan is a tax-deferred account until 71 years old. This is an opportunity provided by the government to offer tax breaks to individuals who wish to save money for their retirement.…

Tax Free Saving Account (TFSA) A Tax-Free Savings Account (TFSA) is an account that does not apply taxes on any contributions, interest earned, capital gains or dividends. TFSA is available to individuals aged 18 years and above in Canada and…

Registered Education Saving Plan (RESP) A Registered Retirement Savings Plan is a tax-deferred account until 71 years old. This is an opportunity provided by the government to offer tax breaks to individuals who wish to save money for their retirement.…