Among the choices are usually RRSPs and TFSAs – but what’s the difference between the two? More importantly, what are the benefits of each?
Mutual funds or segregated funds?
Both have their advantages but one may fit your situation better.
A segregated fund is a pool of money that’s managed by a team of investment specialists. By spreading your money across a range of investments, you can help reduce your exposure to market downturns.
Mutual funds give investors the ability to pool their savings in a large portfolio of investments overseen by professional money managers.
The registered retirement savings plan (RRSP) is a tax-deferred savings account that can help Canadians prepare for retirement.
Connect with an advisor
Working with a financial security advisor can provide you with the tools and expertise you need to plan for the future.