RRSP (Registered Retirement Savings Plan) is a government-approved investment account to help save for retirement.

Contributions to an RRSP are tax-deductible, which reduces your taxable income for the current year, potentially lowering your overall tax burden. The investments within the RRSP grow tax-free, meaning you don't pay taxes on the earnings until you make withdrawals, typically during retirement when your income may be lower.

A Tax-Free Savings Account (TFSA) helps Canadians save money with tax-free growth and withdrawals, making it great for any financial goal.

A TFSA (Tax-Free Savings Account) is available to Canadian residents aged 18 and older, providing a flexible way to save and invest money. Contributions grow tax-free, and withdrawals can be made without penalties, offering versatility for various financial objectives.

A Registered Education Savings Plan (RESP) helps parents save for their child’s education.

A Registered Education Savings Plan (RESP) is a Canadian tax-free savings account that helps parents save for their children's post-secondary education. Contributions grow tax-free, and the government offers additional support through grants such as the Canada Education Savings Grant (CESG) and Canada Learning Bond (CLB), which boost the savings.

FHSA is a Canadian government-backed savings and investment account designed

The First Home Savings Account (FHSA) is a Canadian government-backed savings and investment account designed to help first-time homebuyers save for their first home. The account allows individuals to save up to $40,000 toward the purchase of a home, with a combination of tax advantages.