What are you saving for?

A registered investment account can help you pay less in taxes while you save for the future. It's similar to a shopping cart that holds the things you want to buy in a store. Instead of groceries, this account holds things you want to invest in, like mutual funds and stocks. When you use this account, you get tax benefits, which means you can keep more of your money as it grows over time. It's a smart way to save up for important things like buying a house, paying for your kids' education, or having a comfortable retirement.

Registered Retirement Savings Plan (RRSP)

An RRSP is a retirement savings account registered with the Government of Canada that allows you to defer or reduce your income taxes payable each year.

Contributing to your RRSP reduces your annual income, in turn lowering your tax bill

Income earned in your RRSP isn’t taxed until it’s withdrawn

Great for: anyone looking to kickstart their retirement savings and reduce current taxable income by setting aside a portion of their current income.

Tax-Free Savings Account (TFSA) 

A TFSA is a savings account registered with the Government of Canada that can help you earn money, tax-free.

The interest, dividend income and capital gains you earn from your contributions are not taxable

You can withdraw your money at any time, without being taxed

Unused contribution room (the amount of money you’re allowed put in each year) is carried over to the next year, increasing your annual limit

Great for: anyone who wants to save for medium and long-term projects, like a trip or a car. It’s also great for emergency funds as you can withdraw your earnings.

Registered Education Savings Plan (RESP)

An RESP is an education savings account registered with the Government of Canada that helps you save for a child or grandchild’s post-secondary education, including trade schools, colleges, universities, and apprenticeship programs.

Anyone can open an RESP and contribute money at any time with a social insurance number

Earnings within an RESP aren’t taxed, helping you grow your savings quicker

If the child doesn’t use the funds, you can choose a new beneficiary

Great for: anyone who has children or grandchildren and would like to start saving for their future.

First Home Savings Account (FHSA)

An FHSA is a new kind of registered savings account that was specifically designed to help you save for the purchase of your first home, tax-free!

All contributions are tax-deductible, so investing in an FHSA can reduce your taxable income

Your investment earnings aren’t taxed, so your savings will have the opportunity to grow faster in an FHSA than in other types of savings accounts

You can withdraw funds any time, or transfer money from your FHSA to any RRSP or RRIF held in your name

Great for: Canadian residents who are at least 18 years old, hold a valid Social Insurance Number (SIN), and are first-time home buyers.

Registered Disability Savings Plan (RDSP)

An RDSP is a savings plan intended to help parents and others save for the long-term financial security of a person who is eligible for the disability tax credit.

Contributing doesn’t provide a tax reduction, but it may entitle the holder to grants paid directly into an RDSP

The income earned and any grants received are taxable when they’re withdrawn from the plan

There are no restrictions on how the many can be spent when withdrawn

Great for: ensuring the financial security of a person with disabilities.

Registered Retirement Income Fund (RRIF) 

A RRIF is a registered account that provides you with income drawn from the investments and savings you have accumulated in your RRSP during your working life. Essentially, once you retire you can convert your RRSP and other investments into a RRIF to take your money out as income.

You can only make withdrawals with a RRIF (no deposits)

RRIFs require minimum yearly withdrawals based on your age until no funds remain

You pay tax on your retirement savings when you make withdrawals including but not limited to interest income, dividend income, and capital gains

Great for: anyone who is retiring and is eager to enjoy it to the fullest!

Ways to invest with us

Not everyone wants to invest the same way. Use one or more of our services—whatever’s right for you.

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Conexus advisor →

From one-on-one investment advice to detailed planning for the big (and little) things in life, the Conexus team of advisors is ready to help you.

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Thrive Wealth Management →

As your portfolio grows, Thrive can provide tailored investments and opportunities that relate directly to your needs and risk tolerance.

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Qtrade - Direct Investing®

Our do-it-yourself option. Choose your stocks, bonds, ETFs and more all with access to powerful tools and resources to inform your investment decisions.

Have questions? That’s what we’re here for!

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Mutual funds, other securities and securities related financial planning services are offered through Aviso Wealth, a division of Aviso Financial Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc. Qtrade and Qtrade Direct Investing are trade names and/or trademarks of Aviso Wealth Inc. and its subsidiaries. The information on this page is provided as a general source of information and shouldn’t be considered personal investment advice or a solicitation to buy or sell any mutual funds or other securities. When in doubt, it’s always a good idea to consult with a financial advisor for personalized information and guidance.

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