There are two concepts in saving and investing.
Savings implies a commitment to systematic hoarding of discretionary assets.
Investing is the concept of hoarding in a manner that sustains optimal growth of such assets. All our clients have bought into the notion of Saving, we help them invest wisely. These are qualified investments that permits investment of pre-tax dollars and its tax deferred growth until age 69 at which point you must withdraw it, in a lump sum or systematically via an annuity or Registered Income Fund. A consequence of effective tax planning of your financial affairs generally is the serious curtailment your RRSP tax shelter limit. To the extent allowed, it is on the whole, the most tax effective way to save for the average Canadian.