Registered investments are savings plans registered with the Government of Canada. In some cases, the government adds incentives such as tax-deferral or tax-free options for the income or growth you receive from your savings. Registered savings plans can hold various investment solutions like mutual funds and term deposits to help you save.
Tax-Free Savings Account (TFSA)
A savings vehicle that lets you earn tax-free investment income.
- Tax-free growth and withdrawals
- You can put back any amounts you withdraw in the year after you withdraw them
- Choose from a wide range of investment options
First Home Savings Account (FHSA)
A registered savings account for prospective first-time homebuyers.
- Tax-deductible contributions (up to $8,000 each year / lifetime limit of $40,000)
- Tax-sheltered savings (investment income and growth within the account are not taxable)
- Tax-free withdrawals (on qualifying withdrawals for a first home purchase)
Registered Retirement Savings Plan (RRSP)
A registered savings account that allows you to defer or reduce income taxes payable.
- Tax-sheltered investments
- Option to make part or all on any contribution to a plan in your spouse's name
- Carry forward unused deduction room
Registered Educations Savings Plan (RESP)
A special savings account registered with the Government of Canada to help you, your family or friends save early for your child’s education after high school.
- Annual government grants depending on contributions
- Contributions are not tax deductible
- Income and grants tax-sheltered until withdrawn
Registered Disability Savings Plan (RDSP)
A long-term savings plan for Canadians with a disability who are eligible for the Disability Tax Credit.
- Tax-sheltered growth
- Government contributions
- Flexible and designed to adapt alongside your life
Registered Retirement Income Fund (RRIF)
A RRIF is a registered fund that you have to transfer your RRSP savings into before December 31st of the year you turn 71.
- For members holding Kawartha RRSP term deposits, the deposits will be converted intact into their RRIF, with the same interest rate and maturity date, or may be consolidated into blended investments for ease of portfolio management.
- 3 options to withdraw money
