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The RDSP was introduced in 2008 by the Government of Canada as a way for Canadians to save and grow money for the long-term financial security of an individual qualifying for the Disability Tax Credit.
A registered retirement savings plan, or retirement savings plan, is a type of financial account in Canada for holding savings and investment assets.
A Registered Retirement Income Fund (RRIF) is an account registered with the federal government that gives you a steady income in retirement.
A tax-free savings account is an account available in Canada that provides tax benefits for saving.
A term deposit is a deposit in a financial institution with a specific maturity date or a period to maturity.
A mutual fund is an open-end professionally managed investment fund that pools money from many investors to purchase securities.
A Registered Education Savings Plan (RESP) is a special savings account for parents who want to save for their child's education after high school.
Check out our TFSA Calculator to find the best way to save!
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