Account Types

There are a variety of accounts you can set up to hold your assets, from government registered plans like RRSPs to a wide variety of private investment accounts. Knowing how to hold your investments is a critical decision to maximize your wealth and returns.

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Non-Registered Accounts

In addition to tax advantaged registered options, there are a number of other accounts that might be relevant to your situation.

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Tax Free Savings Account (TFSA)

Grow your money tax free

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Registered Retirement Savings Program (RRSP)

The best retirement savings vehicle for Canadians.

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Registered Education Savings Plan (RESP)

Tax deferred education savings plan.

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Registered Retirement Income Fund (RRIF)

At retirement all registered investment accounts become retirement income funds so that the investor can withdraw funds to fund retirement.

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Other Registered Investment Accounts

If you need to transfer assets from a provincial or federal retirement plan, special registered investment accounts must be used.

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Special Accounts

In addition to individual accounts, other entities can make investments. Other less common account types are also described here.

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