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    Registered Products

    Make the most of your money with investments that help your savings grow

     
    Tax Free Savings Account (TFSA)

    A Tax Free Savings Account (TFSA) is a registered savings account that helps you grow your money quickly because you don’t pay taxes on the interest or investment income you earn.

    ​The contribution room for 2024 is $7,000.


    Benefits of a TFSA

    • ​A TFSA is tax-free, so your earnings are tax sheltered.

    • Unlike a Registered Retirement Savings Plan (RRSP), you don’t have to close your TFSA at a set age.

    • Use it for short and long-term savings goals - you don’t have to repay a TFSA withdrawal.

    • You can re-contribute the amount you’ve withdrawn next year or later.

    • Unused contribution room can be carried to future years.

    • Funds in a TFSA can be invested in term deposits, mutual funds and stocks.

    How do I qualify?
    To open a TFSA, you must live in Canada, be 18 years or older and have a valid Social Insurance Number (SIN). Contribution room accumulates beginning in the year in which you turn 18.
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    How much will I save?
     
    Our TFSA Calculator will help you figure out how much you could save when you invest in a Tax Free Savings Account.
    Retirement Savings

    Dreaming of retirement? Start saving today!

     
    Registered Retirement Savings Plan (RRSP)

    Contributions to your RRSP can increase your tax deduction and provide you with continuous tax free earnings on your savings.

    Registered Retirement Income Fund (RRIF)

    RRIF payments will supplement your income during retirement.

    Education Savings with an RESP

    Save for your children's education through this government approved plan. 

    This program allows eligible RESP beneficiaries to receive grant monies based on their annual contribution paid into the plan. The government will contribute 20% annually for the first $2,000 deposited into an RESP for children to the end of the year the child turns 17.

    With the Canada Education Savings Grant, the Government can add as much as $7,200 to your plan.
    Visit the Government of Canada to learn more.

    RESPs are tax-free, so your earnings are tax sheltered.

    Save for your first home with a FHSA

    The First Home Savings Account (FHSA) is a registered savings plan introduced by the federal government in 2023 to help Canadians save for their first home on a tax-free basis. Contributions are tax-deductible and earnings are tax-sheltered in the plan. Qualifying withdrawals from the FHSA used to make qualifying first home purchase are non-taxable.

    Yearly maximum contribution of $8,000 with a lifetime FHSA limit of $40,000.

    Open or contribute to your FHSA by December 31 to reduce your 2024 taxable income!

    FHSA Benefits

    • Lowers taxable income
    • Savings grow tax-deferred
    • Funds not used for a home purchase can be transferred to a RRSP, if age requirements are met, or to a RRIF
    Eligibility
    • Must be at least 18 years of age
    • Be a Canadian resident
    • Be a first-time home buyer and
    • Have a valid SIN
    Learn more here. 
     
     
     
     

    Ready to discuss your future?

    Call or email our Wealth Advisor today!
    Martina Crowdis
    Wealth Advisor
    306-896-1730
    CONTACT MARTINA
     
     

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