RRSP & TFSA
Registered Retirement Savings Plans and Tax-Free Savings Accounts are two common ways to save in Canada. RRSP contributions may reduce taxable income; TFSA growth and withdrawals are tax-free within program rules.
Home Buyers’ Plan and Lifelong Learning Plan withdrawals create repayment obligations tracked on future notices of assessment. RESP grants for children tie to benefit and tax filing stories—coordinate lessons so students see the same household income assumptions across modules.
RRSP (2026)
Last updated: 2026-04-01. Contribution room (2026, masked): $••,•••. Unused room carried forward (masked): $•,•••. Contributions YTD (2026, masked): $•,•••.
TFSA (2026)
Last updated: 2026-04-01. Annual room (2026): $7000.00 CAD. Contributions YTD: $2000.00 CAD. Total available room, masked detail: $••,•••.