RRSP, TFSA, FHSA etc.

February 27, 2023 | RBC Wealth Management


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What are registered accounts?

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Formal financial education, when combined with advice and practical learning, can help set the stage for a lifetime of informed and confident financial decision-making. RBC Wealth Management (RBC WM) recognizes the importance of helping clients and their families build sound financial management skills, offering a range of resources to support and encourage financial learning.


When it comes to saving and investing, there are many types of accounts, each designed for different goals and objectives. Investment accounts can be either registered or non-registered. Registered accounts offer certain income tax benefits to encourage individuals to save and invest. By reducing, deferring or eliminating the income tax you would otherwise pay on investment income, registered accounts can help you grow your savings.

Some of the most common registered accounts are:

Keep in mind that not every account is suitable for every individual. There may also be situations where it makes more sense to choose or prioritize one type of registered account over another. As part of your decision-making, it’s also important to be aware of the account opening criteria, contribution limits and withdrawal rules for each type of account.

For more information on investment account types and which may be beneficial for you, contact us today.

Interested in learning more? Check out these related resources:


This information has been prepared for use by the RBC Wealth Management member companies, RBC Dominion Securities Inc.*, RBC Phillips, Hager & North Investment Counsel Inc., Royal Trust Corporation of Canada and The Royal Trust Company (collectively, the “Companies”) and certain divisions of the Royal Bank of Canada. *Member-Canadian Investor Protection Fund. Each of the Companies and the Royal Bank of Canada are separate corporate entities which are affiliated. This information is not intended as nor does it constitute tax or legal advice. Readers should consult a qualified legal, tax or other professional advisor when planning to implement a strategy. This will ensure that their individual circumstances have been considered properly and that action is taken on the latest available information. Interest rates, market conditions, tax rules, and other investment factors are subject to change. This information is not investment advice and should only be used in conjunction with a discussion with your RBC advisor. ® / ™ Trademark(s) of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2023. All rights reserved.

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