Once you establish your saving and investing goals, the next step is to work toward achieving them.
The Government of Canada encourages saving and investment toward specific goals, such as retirement and education. Several government plans offer tax benefits to Canadians. They let you avoid or delay some of the taxes you would otherwise pay. These include:
These government-sponsored plans can hold a variety of savings and investment types. To find out more, speak to a financial planner or advisor.
If you are considering opening any of the above plans with a federally regulated financial institution, you have the right to be informed about key details before the plan is set up. See Your right to information: registered plans (RRSPs, RESPs, TFSAs, RDSPs, RRIFs).