The earlier you start, the more you save. Build a plan that includes regular contributions to reach your savings goals faster. TFSAs are a great way to start saving, because they grow your savings tax-free and allow you to withdraw funds at any time with no penalty, so you can save for your short or long term goals with confidence.
Grow your money tax free – any growth within a registered savings plan is tax-sheltered. Learn about your investing options, how TFSAs and RRSPs help you save on taxes, and how different investments work together to grow your money. Plus, features such as a Home Buyers Plan and Lifelong Learning Plan make RRSPs a great option when saving for your future.
A savings plan can be as simple as figuring out how much money is left over after your expenses are accounted for at the end of each month, and then transferring it to a savings account so you won't be tempted to spend it. Make adjustments as your life changes.
Work with a financial advisor and take the guesswork out of investing.
From short to long term goals, financial advisors and financial planners can help you make the most of your savings. Find the right plan based on your eligibility, lifestyle, and saving needs and take advantage of government incentives and grants.