Navigation Menu Sign in RRSP, TFSA and RESP Tax-advantaged ways to save Saving money can be hard when there are so many demands on your paycheque. However, the government has designed a variety of programs to boost your savings through tax breaks and other incentives. While each program works differently, the objective is the same: to keep more of your money working for you. Getting Started Which investments can reduce your tax bill? 7 taxes on investments you should know about Should I take a loan to contribute to my RRSP? Get our FREE Saving for Retirement email series Find an advisor Types of tax-advantaged savings : RRSPs A registered retirement savings plan (RRSP) is a personal savings account that has special tax advantages. Your contributions are tax deductible and taxes on any investment growth are deferred until withdrawn. You’ll have more of your income available for your current needs, even while you’re saving for the future. Learn more about RRSPs TFSAs A tax-free savings account (TFSA) allows you to save money for any purpose, without paying taxes on the investment growth. If you’re 18 or older, you can save up to $6,000 every year in a TFSA. Your contributions will not be deductible for income tax purposes, but investment income, including capital gains, will not be taxed, even when withdrawn. Learn more about TFSAs RESPs A registered education savings plan (RESP) is a tax-sheltered way to help you save for a child's post-secondary education. Parents, grandparents and friends can contribute to a lifetime total of $50,000 per child – and any investment growth is not taxed until it is withdrawn. Automatic government grants can make your RESP grow even faster. Learn more about RESPs Invest in an RRSP, TFSA or RESP Step 1 Find an advisor An advisor’s job is to help you understand how different products – each with their own features and options – can best meet your individual needs. Talk to your advisor; if you don't have an advisor, find one you're comfortable working with. There’s no cost to talk to an advisor. Find an advisor How advisors help Tips on finding the right advisor Step 2 Meet with your advisor To get the most out of the meeting with your advisor, take some time beforehand to think carefully about what you want to achieve. To help your advisor recommend the right products for your needs, it will be helpful to gather some basic information about your income, assets and liabilities – including your savings, investment and pension plan statements. Step 3 Make your investment Your advisor will help you with any paperwork that’s required and ensure your money is transferred. Shortly after making your investment, you will receive a statement confirming the details of your account. Portfolio reviews may be done regularly to confirm your strategy and assess progress toward your goals. Support questions Check a balance Contributions, withdrawals and fund changes RRSP receipts and tax slips Related products Guaranteed interest products Mutual funds Segregated funds Quick links Sign in / Register Submit or track a claim Find a form 欢迎访问永明金融网页 Plan sponsors & advisors Advisor site SLFD Advisor hub Plan advisor site Plan sponsor site About us Who we are Newsroom Sustainability Donations and sponsorships Careers Become an employee Become an advisor Student and new graduate programs Contact us Contact us Support Talk to an advisor Life’s brighter under the sun Legal Privacy Security Accessibility We acknowledge that Sun Life operates in many Territories and Treaties across Canada. Our Canadian headquarters in Waterloo are on the traditional territory of the Anishnaabeg, Haudenosaunee Confederacy and the Mississaugas of the Credit First Nations. Today, Canada is still the home to many Indigenous, First Nations, Inuit, and Metis peoples from all across Turtle Island. We are grateful to have the opportunity to work in this territory. We offer this acknowledgment as a stepping stone towards honouring the original occupants, as a testimony to the oppression faced by Indigenous peoples, and our commitment to Indigenous communities and employees of Sun Life. © Sun Life Assurance Company of Canada. All rights reserved. SLF