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REGISTERED PLANS

A tax-smart way to save and invest—speak with an advisor to learn more.

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Be tax smart

Learn how registered plans can help you save faster

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.

  • Tax-deferred growth until withdrawal
  • Unused room carries forward
  • Tax-free transfer to an RRIF
  • Borrow up to $60,000 for a home
  • Withdraw up to $10,000/year for education

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 at the age of majority
  • Contribution room is cumulative
  • Flexible for short‑ and long‑term savings
  • Tax‑free withdrawals anytime
  • Withdrawals don’t affect Old Age Security, Canada Pension Plan or Guaranteed Income Supplement

First Home Savings Plan (FHSA)

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

  • For first‑time Canadian home buyers (19 years in BC and up to 71)
  • $8,000 annual / $40,000 lifetime limit
  • Contributions are tax‑deductible
  • Tax‑free withdrawals for a first home
  • Can be combined with the Home Buyer’s Plan

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.

  • $50,000 lifetime contribution per child
  • Canada Learning Bond paid automatically
  • 20% Canada Education Savings Grant (CESG) match on first $2,500 (up to $7,200)
  • Can be withdrawn while child is attending school

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.

  • Tax‑free growth on earnings
  • Canada Disability Savings Bond paid automatically (income‑tested)
  • Up to $1,000/year ($20,000 lifetime;prorated)
  • Additional grants and matching may apply

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
  • Minimum withdrawals required, no maximum
  • Can be set up at any age to defer tax
  • Flexible payments to suit retirement needs

Tools to help you plan

RESP calculator

Start early and plan ahead for your child’s education with this savings calculator.

Calculate now

TFSA calculator

Use our TFSA Calculator to see how tax‑free investing can boost your savings.

Calculate now

We’re invested in your future.

Great advice starts with understanding your unique situation. We’ll work with you to align your investment strategy and recommend solutions that fit your financial goals.

Speak to an advisor

FHSA, RDSP and RESP offered through our trusted financial partner, Aviso Wealth. Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.

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