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Registered retirement savings plan (RRSP)
A Registered Retirement Savings Plan (RRSP) is a tax-advantaged savings account in Canada designed to help individuals save for retirement.
- Reduces Taxable Income
- Tax-Deferred Growth
- Retirement Planning
- Income-Splitting Advantage

Registered Education Savings Plan (RESP)
A Registered Education Savings Plan (RESP) is a tax-advantaged savings account in Canada designed to help parents, guardians, and even relatives save money for a child’s post-secondary education.
- Encourages Education Savings
- Government Contributions (Free Money)
- Tax Advantages
- Financial Security for Education

Tax-Free Savings Account (TFSA)
A Tax-Free Savings Account (TFSA) is a registered, tax-advantaged account in Canada that allows individuals to save and invest money tax-free.
- Tax-Free Growth
- Flexible Withdrawals
- Contribution Room Restores
- No Impact on Government Benefits

Choose the Right Coverage for You
RRSP | TFSA | RESP |
---|---|---|
Tax-deferred growth | After-tax money goes in | Contributions grow tax-free |
Withdrawals are taxable | Withdrawals are tax-free | Government grants |
Deadline to contribute (first 60 days of the following year) | No deadline to contribute | Flexible use of funds |
Primarily for retirement | Ideal for short-term & long-term savings | Encourages education savings |
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Life & Travel — we’ve got you covered.
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