How do RESP, RRSP, and TFSA accounts differ?
RESPs are built for education savings, RRSPs are primarily retirement savings with tax-deductible contributions, and TFSAs offer tax-free growth and withdrawals for flexible goals.
RESP, RRSP, TFSA & Segregated Funds - Ontario Family Savings Guide
Understand RESP, RRSP, TFSA, and segregated fund planning for Ontario families, including education savings, retirement income, tax-sheltered growth, beneficiary planning, guarantees, and when insurance-based investments may fit.
Insurance Topics Covered
- RESP RRSP TFSA guide
- segregated funds explained
- education retirement savings guide
- registered savings accounts explained
Common Questions
What are segregated funds?
Segregated funds are insurance contracts with investment exposure and contract features such as named beneficiaries and maturity or death benefit guarantees, subject to fees and policy terms.