Save today, live your dreams tomorrow.
Start saving today and enjoy peace of mind about your financial future. A small amount today can become a significant sum tomorrow.
Achieve your financial goals.
Whether you’re planning to buy a home, pay for education costs, start a family, or prepare for retirement, there are many savings plans available on the market.
RRSP
Registered Retirement Savings Plan
An RRSP is a savings account designed to help you save for retirement. The funds grow tax-deferred until withdrawal, and contributions are deductible from taxable income.
TFSA
Tax-Free Savings Account
A TFSA is a savings account that allows your investments to grow tax-free. Unlike an RRSP or an FHSA, contributions are not tax-deductible. The main advantage of a TFSA is that withdrawals are completely tax-free.
FHSA
First Home Savings Account
The primary purpose of an FHSA is to help first-time home buyers. Investment growth is tax-sheltered, contributions are tax-deductible, and withdrawals used for the purchase of a first home are not taxable.
Contribution limit
RRSP
- For 2026, the RRSP contribution limit is 18% of earned income from 2025, up to a maximum of $33,810.
- Contributions are also limited by your unused contribution room carried forward from previous years. In total, you may over-contribute by up to $2,000 without penalty.
TFSA
- For 2026, the TFSA contribution limit is $7,000.
- This amount is added to any unused contribution room from previous years since you turned 18.
- If you have never contributed to a TFSA and have been eligible since its introduction in 2009, your total contribution room for 2026 is $109,000.
FHSA
- The annual FHSA contribution limit is $8,000.
- The lifetime contribution limit is $40,000, with a maximum contribution period of 15 years.
RESP
Registered Education Savings Plan
An RESP is a savings plan designed to help fund a child’s post-secondary education. Contributions are not tax-deductible, but investment growth is tax-sheltered. The government also provides grants, such as the Canada Education Savings Grant (CESG), which adds 20% to contributions, up to $500 per year. (1 000 $ if there is unused grant room from a previous year), up to a lifetime maximum of 7 200 $. The funds are withdrawn to cover education expenses, and the investment income is taxed in the hands of the student, often at a lower tax rate.
RDSP
Registered Disability Savings Plan
An RDSP is a savings plan designed to help people with disabilities achieve long-term financial security. Contributions are not tax-deductible, and investment growth is tax-sheltered. The government provides grants and bonds to help increase savings. Withdrawals are taxable, but are generally taxed at a lower rate in the hands of the beneficiary.
Did you know that if you have a disability, the federal government offers grants and bonds that can total up to $90,000 over the lifetime of the plan.
Non-Registered Investment Account
A non-registered investment account is an investment vehicle that allows you to invest without being subject to contribution limits. It offers great flexibility and is particularly suitable for individuals who have already maximized their RRSP and TFSA contributions but wish to continue saving for a project or for retirement.
The growth potential of a non-registered investment account is often higher than that of a traditional savings account and depends on the investments selected. However, it is important to note that capital gains and interest income generated within this account are taxable.