The Canadian Money Roadmap Investing Basics Part 3 - Investment Accounts
Feb 4, 2026
Clear rundown of six Canadian investment account types and how they differ. TFSA flexibility and tax-free growth get a spotlight. RRSP rules, deductions and eventual taxation are explained. Locked-in pension rollovers and employer profit-sharing plans are covered. Disability savings plans and non-registered account tax rules are also discussed.
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Default To TFSA When Room Exists
- Use TFSA as a default accumulation account when you have contribution room available.
- Withdrawals are tax-free and withdrawn room returns the following calendar year.
How TFSA Room And Growth Work
- TFSA growth, including dividends and capital gains, is entirely tax-free on withdrawal.
- TFSA room accumulates each year and carries forward if unused, indexed to inflation in $500 steps.
Use RRSPs For Immediate Tax Deductions
- Contribute to an RRSP to get a tax deduction in the year of contribution.
- Reinvest any tax refund to accelerate long-term portfolio growth.