RRSP (Registered Retirement Savings Plans)

Discover what a Lifelong Learning Plan (LLP) is, how it works, tax and funding implications, step-by-step setup, and practical strategies to use LLP to grow skills and careers.

A complete, up-to-date guide to the First-Time Home Buyers' Plan (HBP) — eligibility, withdrawal limits, repayment rules, step-by-step process, examples, common mistakes and tax implications for Canadian buyers.

Learn reverse budgeting, the pay-yourself-first budgeting method that prioritizes savings and automates financial goals. Step-by-step guide, examples, and tips.

Master the bucket strategy for saving: emergency funds, short-term goals, sinking funds, debt and investing. Practical allocations, automation steps, and common pitfalls.

Learn zero-based budgeting (ZBB): what it is, benefits, step-by-step implementation, common challenges, and real-world examples to optimize costs and improve financial control.

Learn the 50/30/20 rule for budgeting: split your take-home pay into needs, wants, and savings. Step-by-step setup, real examples, adjustments for different incomes, and common mistakes.

Discover the Pay Yourself First method: automate savings, prioritize emergency funds, set target savings percentages, and build long-term wealth with a practical, step-by-step plan.

A Locked-In Retirement Account (LIRA) is a special type of registered account used to hold pension funds when you leave a job with a defined benefit or defined contribution pension plan.

A Registered Disability Savings Plan (RDSP) is a long-term savings account for Canadians with disabilities. It’s designed to help individuals and their families build financial security for the future.

A Registered Education Savings Plan (RESP) is a government-registered account that helps Canadians save for a child’s post-secondary education. It allows your contributions to grow tax-deferred, and the government may contribute additional funds through grants.

A Registered Retirement Income Fund (RRIF) is a government-registered account that’s used to convert your RRSP savings into income during retirement.

A Tax-Free Savings Account (TFSA) is a registered account that allows Canadians to earn investment income and capital gains tax-free. It can be used to save for any purpose—short-term or long-term—and withdrawals are not taxed.

A high interest savings account (HISA) is a type of savings account that offers a higher interest rate than a regular savings account. It’s a low-risk way to earn more on your savings while keeping your money accessible.