FAQ Category: Savings & Investment Plans
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What types of investments are available?
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There are a wide range of investment plans available. Whether you’re working toward a short-term goal or planning for retirement, your advisor can guide you toward investments designed to help minimize risk. Alternatively, if you’re focusing on long-term objectives, you may explore options with slightly higher risk for the potential of greater returns over time.…
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What types of savings plans are available?
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You can explore a variety of registered savings plans like RRSP, TFSA, FHSP, and RDSP, along with non-registered savings plans tailored to your specific risk tolerance, investment timeline, and overall financial goals.
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What are the key differences between a savings account and an investment account?
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A savings account is ideal for storing funds you may need soon. It typically is considered a low-risk option and offers easy access to your money. An investment account is tailored for long-term growth and features a range of assets, like portfolios or funds. Investment accounts carry higher potential returns but come with higher risk…