Canada's registered investment plans offer powerful tax advantages. I'll help you understand and maximize RESP, RRSP, TFSA, and FHSA — building a strong financial future for your family.
Each plan serves a different purpose. Often, the best strategy combines two or more.
The Registered Education Savings Plan helps you save for your child's post-secondary education while accessing up to $7,200 in free government grants.
The Registered Retirement Savings Plan reduces your taxable income today while building your retirement nest egg. Contributions are tax-deductible.
The Tax-Free Savings Account lets your investments grow and be withdrawn completely tax-free. Maximum flexibility — no restrictions on withdrawals.
The First Home Savings Account is Canada's newest registered plan — combining the best features of RRSP and TFSA for first-time homebuyers.
The right combination depends on your age, income, family situation, and goals. In a free 30-minute consultation, I'll map out a personalized investment strategy that maximizes your tax savings and builds long-term wealth efficiently.
| Plan | Best For | Tax Deductible? | Tax-Free Growth? | Tax-Free Withdrawal? | Annual Limit |
|---|---|---|---|---|---|
| 🎓 RESP | Children's education | ✗ | ✓ | ✓ (for education) | $2,500 (grant eligible) |
| 🏖️ RRSP | Retirement savings | ✓ | ✓ | ✗ (taxed at withdrawal) | 18% of income |
| 💰 TFSA | Any savings goal | ✗ | ✓ | ✓ | $7,000/year |
| 🏠 FHSA | First home purchase | ✓ | ✓ | ✓ (for first home) | $8,000/year |
A free consultation is all it takes to build a smart, tax-efficient investment strategy for your family.