BUILD MY WEALTH
Build wealth with a purpose.
Building wealth isn’t simply about earning the highest return.
It’s about deciding what your money is for, choosing the right accounts, managing taxes and creating a strategy you can actually stick with.
The first question isn’t always:
“What should I invest in?”
Sometimes it’s:
“Where should my next dollar go?”
Where should I start?
TFSA
Tax-Free Savings Account
A TFSA allows eligible Canadians to invest money and potentially grow it without paying Canadian income tax on investment growth or withdrawals.
Despite the name, a TFSA doesn’t have to be a savings account.
Depending on your circumstances and risk tolerance, it can hold different eligible investments.
Learn about TFSAs →
RRSP
Registered Retirement Savings Plan
An RRSP is designed primarily to help Canadians save for retirement.
Eligible contributions can reduce taxable income, investments can grow tax-deferred while inside the RRSP, and withdrawals are generally taxable.
That creates an important planning question:
Is the tax deduction today worth the tax you’ll potentially pay later?
Learn about RRSPs →
FHSA
First Home Savings Account
For eligible first-time home buyers, the FHSA combines some of the most attractive characteristics of an RRSP and TFSA.
Eligible contributions can generally provide a tax deduction, while qualifying withdrawals toward a first home can be tax-free.
Learn about FHSAs →
RESP
Registered Education Savings Plan
An RESP can help families save for a child’s post-secondary education while potentially accessing government education savings incentives.
Starting earlier can give contributions, grants and investment growth more time to accumulate.
Learn about RESPs →
Non-Registered Investments
Already using your registered accounts?
A non-registered investment account can provide additional investment flexibility without the contribution limits associated with registered plans.
However, interest, dividends and capital gains can have different Canadian tax treatment.
That’s why what you own and where you own it can matter.
Learn about Non-Registered Investing →
TFSA or RRSP?
It’s one of the most common Canadian financial questions.
And there isn’t one universal answer.
Your decision can depend on:
- Your current income
- Your marginal tax rate
- Your expected future income
- Whether you’re saving for retirement or another goal
- Your available contribution room
- Whether you may need access to the money
- Employer pension or retirement benefits
For some Canadians, the TFSA is the better starting point.
For others, the RRSP deduction can be extremely valuable.
And sometimes the answer is simply:
Use both.
Where should my next $1,000 go?
Before investing it, consider the bigger picture.
Do you have high-interest debt?
Do you have an emergency fund?
Does your employer offer matching contributions?
Do you have TFSA room?
Would an RRSP contribution create a meaningful tax benefit?
Are you saving for your first home?
Are you saving for your children’s education?
The best investment account isn’t necessarily the one with the best investment.
It’s the one that fits what you’re trying to accomplish.
Investing doesn’t have to be complicated.
You don’t need to predict the next market winner.
You need a strategy built around your goals, time horizon, risk tolerance and financial situation.
Not sure where your next dollar should go?
We’ll help you look at the entire picture — your goals, accounts, investments, taxes and priorities — and determine what makes sense for you.
BOOK A CONVERSATION →