If you want to make your money work for you, then you have to make sure it’s in the right account. Some accounts are for retirement, some are for short-term savings, some have tax advantages. Sound confusing? It’s actually not. We swear. Let us show you the way.
Everything You Need to Know About Tax Free Savings Accounts (TFSAs)
By Andrew Goldman
A Tax Free Savings Account is not only one of the great wonders of the world, it’s also one of the great misnomers of the English language. Why is that? Well, it’s so much more than a boring savings account.
What is an RRSP? Registered Retirement Savings Plan Explained 2022
By Andrew Goldman
An RRSP happens to be one of the most important accounts Canadians can use to prepare for retirement. Read on to learn everything you need to know open one and start investing.
Chequing vs Savings Account
By Luisa Rollenhagen
What's the difference between a savings and chequing account — we compare them both and let you in on the pros and cons of each.
RESP (Registered Education Savings Plan): What It Is & How It Works
By Andrew Goldman and Luisa Rollenhagen
An RESP is a tax-free savings account for a child’s future education, funded by the Canadian government. Here’s how to save using an RESP.
What is a Corporate Account?
By Andrew Goldman
It's the answer to a question as old as the CRA. Find out what a corporate account is and why you might use one.
What's a LIRA?
By Andrew Goldman
It's an account that lets you roll over money from a pension account after you leave your job.
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TFSA Calculator
Our free TFSA calculator will help you understand how much your TFSA could be worth and how much tax you could save. Get started by telling us about your current TFSA contributions.
Learn more about accounts
RRSP vs TFSA: The Ultimate Guide
By Andrew Goldman and Luisa Rollenhagen
We love both RRRSPs and TFSAs. They're great retirement-saving tools that offer significant tax benefits. But which account is right for you?
What is a Self Directed RRSP?
By Andrew Goldman
Just about everything you'll need to know in order to master your own Self Directed RRSP —or get someone else to.
What is a Spousal RRSP?
By Andrew Goldman
It's one of the ways that Canadian couples (spouses or common law partners) can split income in retirement. Find out everything you need to know here.
33 Questions About RRSP, TFSA, FHSA and Other Registered Accounts
By Wealthsimple
Answers to 33 of the most common questions about TFSAs, FHSAs, RRSPs, Spousal RRSPs, RRIFs, and the Home Buyers’ Plan.
How to Deal With TFSA Over-Contributions
By Luisa Rollenhagen
TFSAs are a great deal for tax-free savings and investments. But over-contributing can get expensive, so it's important to know exactly how to deal with them if they do happen."
How to Deal with Unused RRSP Contributions
By Andrew Goldman
"Unused RRSP contributions are contributions that were made to your RRSP but did not deduct them on your tax return."
