There are two types of investments.

The first type of investment helps you grow your money in order to help you achieve your goals such as saving for retirement, buying a home, having a vacation fund and educating your child.

The other type of investment is designed to return your money to you efficiently. Whether your savings are for retirement, or a short term goal, there are investment products that are designed to best return your money in the way that enables you to achieve your goal.

An RRSP is a tax-deferred account that is designed specifically for retirement savings. Any person who is a resident of Canada and under the age of 69 who has earned income is eligible to contribute to an RRSP. Learn more about RRSPs.

A spousal RRSP is an RRSP in which the plan holder’s spouse makes contributions on behalf of the plan holder. The objective of this type of plan is to provide the couple with a way of income splitting in retirement. Learn more about spousal RRSPs.

RESPs offer the benefit of increased savings as a result of the Canada Education Savings Grant (CESG) program. The government will match 20 per cent of what the subscriber contributes each year to the beneficiary, up to a maximum of $400 per year. Learn more about RESPs.