ACCOUNT TYPES

TFSA
Starting January 1, 2009, Canadians
will have a new way to save money with the introduction of the Tax-Free Savings Account (TFSA). Applications and resources can be found on the following pages.
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RRSP
Your Registered Retirement Savings Plan (RRSP) helps you save for retirement. It is the single most significant financial opportunity available to Canadians today.
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RRIF
In the year you turn 71, you must close down your RRSP and choose from a number of investment options. One choice is starting a Registered Retirement Income Fund, which allows interest, capital gains and dividends to
compound on a tax-deferred basis.
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RESP
A Registered Education Savings Plan (RESP) is an effective way to maximize the money available to your children when they enroll in a full-time, post-secondary program.
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IPP
IPPs are alternative retirement savings vehicles that allow for enhanced tax relief and increased pension benefits above and beyond those available through RRSPs and other retirement plans.
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