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Non-registered account
A non registered account is an investment account opened with after tax money. Unlike registered accounts that begin with the letter R such as RRSP, TFSA, RRIF and similar plans,…
Investing
What is a LIF?
A Life Income Fund (LIF) is a locked-in registered retirement vehicle designed to provide income from pension money. It functions similarly to a Registered Retirement Income Fund (RIF) but is…
Investing
Should I invest in an RRSP or TFSA?
This is a comparison of two cornerstone Canadian accounts: the Tax-Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). Both let investors hold the same types of assets…
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