Retirement & Savings (RRSP, TFSA, RESP, FHSA)
Registered accounts help Canadians save tax-efficiently for retirement, a first home and children's education. The right mix depends on your income, timeline and goals.
Who it's for
- First-time home buyers
- Parents saving for education
- Professionals planning retirement
- Anyone wanting to save tax-efficiently
Options available
- RRSP (Registered Retirement Savings Plan)
- TFSA (Tax-Free Savings Account)
- RESP (Registered Education Savings Plan)
- FHSA (First Home Savings Account)
Common questions
Should I contribute to an RRSP or a TFSA?
RRSP contributions reduce your taxable income today, while TFSA growth and withdrawals are tax-free. Many people use both depending on income and goals.
What is an FHSA?
The First Home Savings Account lets eligible first-time buyers save for a home with tax-deductible contributions and tax-free qualifying withdrawals.
What is an RESP?
An RESP helps you save for a child's post-secondary education and may qualify for government grants.
Talk to Deepinder Randhawa
Licensed Insurance Professional serving Ontario. Personalized advice, no obligation.
This page is for general information only and does not constitute insurance, tax, legal or investment advice. Coverage and eligibility are subject to policy terms and provider approval.