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REGISTERED PLANS

A tax-smart way to invest and save. ​Speak to an advisor about how a registered savings plan can be part of the right financial plan for you.

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Learn more about registered plans

Everyone has different wants and needs for their future, and many Canadians use a tax-smart registered account such as a TFSA, RRSP or FHSA. Select the plan below to learn more about the features and benefits it offers.

 

RETIREMENT SAVINGS PLAN
(RRSP)

A Registered Retirement Savings Plan (RRSP) helps you save for retirement with tax advantages.

  • Contributions are not taxed until they are withdrawn, and savings grow tax-free.
  • Unused contribution room can be carried forward and used for future years.
  • Transfer your RRSP tax-free into an RRIF.
  • Borrow up to $60,000 from your RRSP to be used for a down payment. 
  • Withdraw up to $10,000 per year from your RRSP to finance education expenses with the Lifelong Learning Plan.

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TAX-FREE SAVINGS ACCOUNT
(TFSA)

A Tax-Free Savings Account (TFSA) allows your investments to grow tax-free, and withdrawals are also tax-free.

  • Available to Canadians upon reaching the age of majority (19 years in BC). Contribution room is cumulative..
  • Offers flexibility and can be used for short-term and long-term savings goals.
  • Withdrawals are non-taxable and can be made at any time without restrictions.
  • Withdrawals will not affect Old Age Security, Canada Pension Plan or Guaranteed Income Supplement.


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FIRST HOME SAVINGS PLAN
(FHSA)

A First Home Savings Account (FHSA) helps first-time homebuyers with tax-deductible contributions and tax-free withdrawals.

  • Available to first-time home buyers that are Canadian residents between the age of majority (19 years in BC) and up to 71 years.
  • Annual FHSA contribution limit: $8,000 | Lifetime FHSA contribution limit: $40,000.
  • Like an RRSP, contributions made to a FHSA are tax-deductible.
  • As with a TFSA, no taxes are paid on withdrawals made to purchase an eligible first home.
  • Can be used together with the Home Buyer's Plan on the same qualifying home purchase.

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Offered through our trusted financial partner, Aviso Wealth.



 

EDUCATION SAVINGS PLAN
(RESP)

A Registered Education Savings Plan (RESP) helps you save for a child's post-secondary education with tax-deferred growth and government grants.​

  • A lifetime limit of $50,000 per child can be contributed.
  • The Canada Learning Bond is automatically paid into open RESP plans.
  • Canada Education Savings Grant matches 20% of the first $2,500 deposit ($7,200 lifetime maximum).
  • RESP funds can be withdrawn at any time while a child is attending school.

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Learn more:

Offered through our trusted financial partner, Aviso Wealth.



DISABILITY SAVINGS PLAN
(RDSP)

A Registered Disability Savings Plan (RDSP) helps people with disabilities save for long-term financial security, offering government matching contributions and tax-deferred growth.

  • Earnings accumulate tax-free.
  • The Canada Disability Savings Bond is automatically paid into qualifying RDSP accounts if the beneficiary’s family income is less than $45,916.
  • Maximum bond per year is $1,000 ($20,000 lifetime maximum; prorated).
  • Additional grants and matching programs may be available.

Offered through our trusted financial partner, Aviso Wealth.



RETIREMENT INCOME FUND
(RRIF)

A Registered Retirement Income Fund (RRIF) provides retirees with a steady income from their RRSP savings, with tax-deferred growth until withdrawals are made

  • Withdraw income during retirement after the age of 71.
  • A minimum annual withdrawal is required but there is no maximum.
  • Can be set up at any age (you don’t have to wait until 71), letting you defer tax while your money grows.
  • Flexible payment options allow you to vary income based on your retirement needs. 


Learn more:

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TFSAs VS. RRSPs

Registered plans

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Good advice starts with a conversation about your unique situation. We’ll work with you to understand your overall investment strategy and make recommendations on the right mix of investment solutions for your financial  goals. 

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Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.

 

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