RRSP
Money you put in lowers your tax today. It grows with no tax. You pay tax when you take it out. In 2026 you can put in 18% of what you earned last year, up to $33,810.
Investments
Investments: RRSP, TFSA, LIRA and Savings Plans
We help you save for retirement and pay less tax. Pick a registered plan, like an RRSP, a Tax-Free Savings Account or a LIRA. Or pick a non-registered savings plan.
The Basics
Registered and non-registered savings
A registered plan is signed up with the government. It gives you a tax break. There is a limit on how much you can put in. RRSPs, TFSAs and LIRAs are registered plans.
A non-registered plan has no limit. It has no tax break, so you pay tax on what it earns.
When do you pay tax?
RRSP
Money inTax break
As it growsNo tax
Money outTaxed
Tax-Free Savings Account (TFSA)
Money inNo tax break
As it growsNo tax
Money outNo tax
LIRA
Money inPension money
As it growsNo tax
Money outTaxed
Non-registered savings
Money inNo tax break
As it growsTaxed
Money outTax on gains
Your Choices
4 ways to save
Tax-Free Savings Account (TFSA)
Your money grows tax-free. You can take it out at any time, tax-free. In 2026 you can put in $7,000.
LIRA
A Locked-In Retirement Account holds pension money from a job you left. It grows with no tax. It stays locked in until you retire.
Non-registered savings
Use it when your RRSP and TFSA are full. There is no limit. You pay tax on what it earns.
How We Invest
How we invest your savings
We use segregated funds and annuities from Canadian insurance companies. We do not sell stocks or mutual funds.
A segregated fund is an investment with a safety net. It protects 75% to 100% of the money you put in, when the plan ends or when you die. The fees are higher than a mutual fund.
Do you own a company? An Individual Pension Plan can let you save more than an RRSP.
Good to know
- You can name who gets the money. It can go right to your family.
- An annuity pays you a set amount for life.
- Investments can go up or down.
Questions
RRSP, TFSA and LIRA questions
An RRSP often fits if you earn a lot now and will earn less when you retire. A TFSA fits if you may need the money sooner. Many people use both.
You can put in $7,000 in 2026. Room you did not use in past years is still there for you.
LIRA means Locked-In Retirement Account. It holds pension money from a job you left. The money stays locked in until you retire.
It is a savings plan with no limit on how much you put in. It has no special tax break, so you pay tax on what it earns.
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