Investment Basics Part 1: RRSPs

In this series of ‘Investment Basics’, we will go over some of the vehicles Canadians can use to accumulate wealth.

Essentially, in Canada, we (generally) have 5 investment vehicles the general public can use to accumulate our assets/wealth: RRSPs, TFSAs (Tax-Free Savings Account), Open (Non-Registered) Plans, Real Estate and CVI (Cash Value Insurance) – [a 6th would be using a corporation, for business owners]. Each one of them has their pros and cons and each must be used according to each client’s individual situation and goals.

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