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RRSP or TFSA Ready to plan?

RRSP contribution deadline:

March 1, 2021

Maximize your contributions
and tax savings with
the help of our sound advice!

Maximize your tax savings

RRSP or TFSA?
And why not both?

How do you invest while maximizing your tax savings?
Here’s a practical summary to help you understand the advantages of RRSPs and TFSAs.

RRSP

Registered retirement savings plans (RRSPs) allow you to invest now in preparation for your retirement, and also take advantage of the Home Buyers’ Plan (HBP).


Advantages:

  • Grow your savings tax-free until contributions are withdrawn
  • Benefit from tax refunds thanks to tax-deductible contributions
  • Make your own contributions online or using our mobile app
  • Use automated debits to save without having to think about it

Remember:

  • Annual contribution limit is 18% of your income
  • Unused contribution room can be carried forward
  • Even small amounts can really add up! Try out our RRSP calculator.

TFSA

Tax-free savings accounts (TFSAs) allow you to save for personal projects (travel, renovations, etc.) and also build up an emergency fund.


Advantages:

  • Grow your money tax-free
  • Have the flexibility to invest and withdraw money any time
  • Make your own contributions online or using our mobile app
  • Use automated debits to save without having to think about it

Remember:

  • TFSA contributions are not tax-deductible or taxable when withdrawn
  • Limit of up to $75,500 for 2021
  • Unused contribution room accumulates from year to year

RRSP calculator

Do you know how much to contribute to your RRSP? It depends on your situation and your retirement goal.

Do you save with us?

Use My Client Space or the iA Mobile app to make easy contributions to your RRSP or TFSA.

Download the app

App Store Google Play

You must first create your account in My Client Space to use iA Mobile.

3 reasons to choose iA

1

A solid, reliable company invested in you for over 125 years

2

Full lineup of investment products, including the best segregated fund lineup in Canada since 2016

3

Simple online tools like the iA Mobile app and My Client Space to make your life easier

Talk with an advisor