Saving starts with the right registered account.
What are you saving for?
Retirement
First Home
Big Purchase
Education
Emergency Fund
Every goal has a registered account that supports it.
Here’s what each one offers.
Registered Retirement Savings Plan (RRSP)
For retirement savings and long-term planning1
Tax-Free Savings Account (TFSA)
For flexible, tax-free growth you can access anytime2
First Home Savings Account (FHSA)
For saving toward your first home in Canada3
Registered Education Savings Plan (RESP)
For setting aside money for a child’s education4
A good financial plan begins with a conversation.
If you’d like to talk about your goals, visit your local branch, make an appointment or call our Contact Centre at 1.800.461.0777.
We’re here to help you choose the account that fits your goals.
01A registered retirement savings plan (RRSP) is a registered account for Canadian tax purposes. The features, benefits, contribution limits, rules, and applicable taxes for registered accounts are determined by the Government of Canada. Assets in a RRSP must be eligible contributions under the Income Tax Act.
02A tax-free savings account (TFSA) is a registered account for Canadian tax purposes. The features, benefits, contribution limits, and rules for registered accounts are determined by the Government of Canada. Assets in a TFSA must be Qualified Investments under the Income Tax Act. If the TFSA holds non-Qualified Investments, it could be subject to tax.
03A first home savings account (FHSA) is a registered account for Canadian tax purposes. The features, benefits, contribution limits, rules, and applicable taxes for registered accounts are determined by the Government of Canada. Assets in a FHSA must be eligible contributions under the Income Tax Act.
04A registered education savings plan (RESP) is a registered account for Canadian tax purposes. The features, benefits, contribution limits, rules, and applicable taxes for registered accounts are determined by the Government of Canada. Assets in a RESP must be eligible contributions under the Income Tax Act.