Learn about the main features of each registered investment plan and how they might help you meet your retirement goals.
The First Home Savings Account (FHSA), launched in 2023, offers one more registered investment plan to consider when determining the best tactics to help you meet your savings and retirement goals.
While the Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP) and FHSA all offer tax benefits, there are some key differences that can help you choose what’s right for you.
Here are some answers to a few of the top questions about the features and tax treatments of each plan, plus contribution and withdrawal considerations.
Let’s talk about your financial future and build a plan to help you achieve your goals.
This article was originally published on rbcroyalbank.com .
This article was updated in Jan. 2025.
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