Registered Retirement Savings Plan (RRSP) 
Save for retirement with tax-sheltered contributions and earnings. You pay tax on withdrawals, but the funds in your RRSP are tax-deductible. Plus, you can build an RRSP that fits your saving style with GICs, mutual funds, and more. 

Registered Retirement Income Fund (RRIF)
A RRIF is a great way to turn retirement savings into income. You can transfer in RRSP funds without paying tax on them, and like your RRSP, you can build a customized RRIF from investments like GICs, mutual funds, and more. 

When you’re investing to save up for a specific goal, like a down payment, or a big vacation, the type of investment you choose will depend on several factors; like when you need access to your money, or how much you have to start with. Luckily, we have lots of options. 

Tax Free Savings Account (TFSA) 
Build up your savings, tax-free. With a TFSA, you don’t pay taxes on any interest, dividends, or capital gains from your investments. You also don’t pay taxes on the funds you withdraw. If you’re not sure when you’ll need access to your money, a TFSA is a great option because you can withdraw funds any time. It’s a smart way to save for retirement, too. 

Guaranteed Investment Certificates (GICs)
There’s so much variety with GICs that it’s easy to build a balanced portfolio. Plus, GICs guarantee that you’ll get your principal investment back, which helps offset higher-risk investments.

Mutual funds 
Invest in a professionally-managed fund with a pool of other investors to get access to a wider range of investments than you might be able to afford on your own. This is a great way to diversify your portfolio. 

Registered Education Savings Plan (RESP)
Save for your child’s education with tax-sheltered contributions and earnings. Plus, you can supplement your contributions with government grants.

It’s never too early to start earning interest on your savings, even if you don’t have a clear goal in mind yet. If you want to start small and build up some savings while you get your financial plans in order, check out our Good To Grow High Interest Savings Account.