Best Accounts
Cash account
The must-haves of an everyday chequing account combined with the payoff of a high-interest savings account. Earn 4% interest on your balance and 1% back on spending No minimum balance, No monthly account fees, No transaction fees. You can get a debit Card linked to your account.
RRSP
Registered Retirement Savings Plan A tax-advantaged retirement account for individuals or couples. Contribute up to 18% of last year’s income or a max of $31,560 Reduces your tax bill, and earnings on investments are tax-deferred until withdrawal.
TFSA
Tax-Free Savings Account A flexible account that lets you invest and save tax-free. Contribute a lifetime value of $95,000 Withdraw funds any time without any tax penalties
Non-registered account
An investment account that offers tons of flexibility, but no tax advantages. No contribution limits or rules to remember Keep as much or as little in the account as you like SPEND & SAVE
Use my referral code: Q9W25G
More Accounts
FHSA
First Home Savings Account Save up to $40,000 toward a down payment and keep any gains tax-free. Contribute up to $8,000 per year Reduces your yearly tax bill.
Spousal RRSP
Spousal Registered Retirement Savings Plan Save for retirement with your spouse or common-law partner. Like an individual RRSP, growth is tax-deferred Couples can optimize the tax benefits of an RRSP if their income levels are different.
RESP
Registered Education Savings Plan Save up to $50,000 for your child’s education and claim helpful government credits. The government matches 20% of your contribution (up to $500/year), for a lifetime total of $7,200 per child Earnings within your RESP are tax-deferred
Corporate
Perfect for any business that has cash reserves. Invest your business’s money in a smarter portfolio where it can grow Withdraw at a lower income tax rate during slow years