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The importance of saving

  • For all your short-, medium- and long-term life goals, like travelling or buying your first home or dream car
  • To enjoy a comfortable retirement or save for a rainy day fund
  • To grow your money with peace of mind

Meet with a financial advisor to set up a savings plan based on your financial goals, your situation and your current and future needs.

Registered Retirement Savings Plan


Registered Retirement Savings Plan

A registered retirement savings plan (RRSP) helps you save tax-free until you retire. By investing in an RRSP, you can also generate cashflow for your current needs through tax returns.

Benefits of an RRSP:

  • Contributions and investment income are not taxed until they are withdrawn
  • Contributions are tax deductible
  • Unused contribution room can be carried forward


Tax-Free Savings Account

A tax-free savings account (TFSA) helps you grow your savings tax-free. It’s the perfect tool to save for a project like a trip, a house purchase or a new car.

Benefits of a TFSA:

  • Investment income grows tax-free
  • Amounts can be withdrawn tax-free and redeposited in later years
  • Unused contribution room can be carried forward


Individual Pension Plan

The Individual Pension Plan (IPP) is tailored to business owners and executives looking to optimize their retirement income.

Retirement income generated by an IPP is generally higher than that generated by an RRSP and the annual contribution amount is established by an actuary based on factors such as age and income.

Benefits of an IPP:

  • Tax savings for the company
  • Assets grow tax-free
  • Creditor protection


Locked-In Retirement Account (LIRA)

A locked-in retirement account (LIRA) lets you transfer funds from your former employer’s pension plan to an individual plan so you can have control over your investments.

Benefits of a LIRA:

  • Investment income grows tax-free
  • Various investment options

Non-Registered Savings Plan

This flexible savings plan lets you set aside additional savings for your personal plans or for your retirement.

Benefits of a non-registered savings plan:

  • Save for a life project or for retirement
  • Continue investing after reaching maximum RRSP and TFSA contribution limits
  • No limit on contributions

Compare our savings plans

RRSP TFSA LIRA Non-Registered
Savings Plan
Pension Plan
Eligible age 18 18 18 18 40
Age limit for contributions 71 1001 71 1001 71
Contribution limit - -
Tax-deductible contributions - - - For the company
Savings grow tax-free -
Taxable at withdrawal or year end? Withdrawal - Withdrawal Year end Withdrawal
Unused contribution room can be carried forward - - Under certain conditions

1. The maximum age for initial investment varies according to the guarantee (series) chosen.