Registered Plans

Choose a registered plan: choose a direct savings path to your future!


What are registered plans?

Registered plans are savings plans that have been registered with the government and are designed to provide tax-advantaged investing. With registered plans, you save in the following ways:

  • The most significant advantage is the tax-deferred compounding of all investment income earned in the plan

  • An advantage available for retirement plans is the opportunity to make tax-deductible contributions

Registered plans provide one of the best tax-sheltering opportunities available and are an exceptional tool to help you maximize your savings. Our wealth advisors will work with you to determine the registered plan that fits your savings and investment goals.

We are proud to offer the following registered plans.

Please contact us to learn more about these plans -as well as others, including: locked-in retirement plans, individual pension plans, and registered disabilities savings plans.

Tax-Free Savings Account (TFSA)

Allow your investments to grow and earn income tax-free. Maximize your investment growth.

  • Savings can be used at any time and for any purpose

  • Each year brings additional contribution room

  • Unused contribution can be carried forward

  • Will not affect eligibility for federal income-tested benefits and credits

  • Surplus RRIF payment or pension can be deposited into TFSA

    Registered Retirement Savings Plan (RRSP)


  • Save for retirement with this tax-deferred plan. Start early to take advantage of compounded growth.

  • Contributions are tax-deductible

  • Funds withdrawn taxed in year of withdrawal

  • Unused contribution is carried forward

  • Under specific conditions (Home Buyers’ Plan and Lifelong Learning Plan) you can withdraw tax free, but this must be repaid overtime

  • Pre-authorized payments to make your RRSP your disciplined savings tool

    Registered Retirement Income Funds (RRIF)


  • Protect your capital and maximize retirement income. Leave your options open by maintaining withdrawal control.

  • Growth and income is tax-sheltered until withdrawn

  • Minimum annual payment based on your age and percentage of RRIF’s value at the beginning of the year

  • Minimum withdrawal, but no maximum, to allow for large purchase or expenditure

    Registered Education Savings Plan (RESP)


  • Save for post-secondary education for yourself or your child. Start saving early for maximum benefit.

  • Contributions are not tax deductible, but all income compounds on a tax deferred basis

  • The CESG, a federal program will deposit grants directly into RESP, based on contributions

  • Draws little tax when withdrawn due to student’s basic personal exemption, tuition and education tax credits

    Please contact Don Chung at (604) 903-1098 or Paul Myring at (604)601-3745 for a personal consultation. We will work together to design an investment strategy that best suits your needs.