RRSP, TFSA, FHSA AND OTHER SAVINGS PLANS
Reach your goals with our savings plans
Whether you’re looking to buy a home, plan for a trip or build your retirement income, you’ll find a range of products to help you reach your goals.
Discover the advantages of our various savings plans such as RRSPs, TFSAs, FHSAs, IPPs, LIRAs and non-registered plans.
Got questions? A financial security advisor can help you select the product or products that will allow you to reach your goals.
Our savings plans
RRSP
Registered retirement savings plan
An RRSP can help you save money for your retirement, tax-free. Additionally, contributions to an RRSP lower your taxable annual income, which means that you enjoy tax savings.
TFSA
Tax-free savings account
A TFSA is a savings plan that allows you to grow your savings, tax free. It is the perfect solution for your short-, medium- and long-term savings projects, like paying for a trip, buying a home or creating an emergency fund.
FHSA
Tax-Free First Home Savings Account
Designed to help future homeowners save for the purchase of their first home, the FHSA combines the advantages of an RRSP and a TFSA, allowing you to deduct contributions from taxable income and generate tax-free returns.
IPP
Individual pension plan
An individual pension plan is a defined benefit plan designed for business owners or executives who want to optimize their retirement income. It’s an advantageous option if you want to save more for retirement while reducing your taxes.
LIRA
Locked-in retirement account
Are you on the verge of changing jobs and want to know what will happen to the pension plan you have with your current employer? A LIRA allows you to transfer the money saved in a pension plan with a former employer to an individual plan.
Non-Registered Savings Plan
With this flexible savings plan, you can invest even more for your personal projects and retirement when you have reached your RRSP or TFSA contribution ceiling.
How do I open a savings plan?
I don’t have an advisor
You will need the help of an advisor to open an FHSA.
I have an advisor
If you already have an advisor, simply contact them to open an account. To find your financial security advisor’s contact information, visit My Client Space, consult one of your statements or contact Customer Service at 1-844-442-4636.
Compare our savings plans
| RRSP | TFSA | FHSA | LIRA | Non-Registered Savings Plan | Individual Pension Plan | |
|---|---|---|---|---|---|---|
| Eligible age | 18 | 18 | 18 | 18 | 18 | 40 |
| Age limit for contributions | 71 | 1001 | 71 | 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 | 2 | - | - | Under certain conditions |
1. The maximum age for initial investment varies according to the guarantee (series) chosen.
2. You can carry forward up to $8,000 of your contribution limit from one year to the next, for a maximum annual contribution of $16,000.
