An RESP is a powerful way to save for your child’s or grandchild’s post-secondary education. Parents, grandparents and friends can contribute money any time to an RESP.

A registered retirement savings plan (RRSP) is a personal savings account that has special tax advantages.

A tax-free savings account lets you save up to $5,500/year for any purpose without paying taxes on the investment growth.

A registered disability savings plan (RDSP) is a savings plan that is intended to help parents and others save for the long term financial security of a person who is eligible for the disability tax credit (DTC).

A mutual fund is an investment vehicle that pools money belonging to many people to invest in a variety stocks, bonds or other securities.

Segregated funds, like mutual funds, are market-based investments. A large pool of money belonging to many people is invested in stocks, bonds or other securities with the goal of increasing the value of the entire pool.

A term deposit is a cash investment held at a financial institution. Your money is invested for an agreed rate of interest over a fixed amount of time, or term.

Your retirement income will typically come from a number of different sources. You may be eligible for CPP/QPP and OAS or other government benefits – and you may have a company pension.

Estate planning involves planning for how an individual’s assets will be preserved, managed, and distributed after death.