segregated funds
RESP
A Registered Education Savings Plan (RESP) is a government-registered savings plan that helps you save for your child’s post-secondary education.The Government of Canada encourages saving for a child’s education by offering grants to a child’s RESP – that’s even more money to grow your savings!
RRSP
A Registered Retirement Savings Plan (RRSP) is a savings plan, registered with the Canadian federal government that you can contribute to for retirement purposes. By contributing to an RRSP, you’ll reduce your taxable income. Your savings will grow tax-free until you’re ready to use
TFSA
The amount of money that can be contributed to a TFSA is limited each year. A TFSA can be used for any savings goal and withdrawals can be made free of tax.Though TFSA is an acronym for Tax Free Savings Account, it’s not really much at all like those savings accounts you probably had as a kid.