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  2. Tax-free savings account - Wikipedia

    en.wikipedia.org/wiki/Tax-Free_Savings_Account

    A tax-free savings account (TFSA, French: Compte d'épargne libre d'impôt, CELI) is an account available in Canada that provides tax benefits for saving. Investment income, including capital gains and dividends , earned in a TFSA is not taxed in most cases, even when withdrawn.

  3. Registered retirement savings plan - Wikipedia

    en.wikipedia.org/wiki/Registered_retirement...

    A registered retirement savings plan (RRSP) (French: régime enregistré d'épargne-retraite, REER), or retirement savings plan (RSP), is a Canadian financial account intended to provide retirement income, but accessible at any time. RRSPs reduce taxes compared to normally taxed accounts.

  4. Equitable Bank - Wikipedia

    en.wikipedia.org/wiki/Equitable_Bank

    The Joint Savings Plus Account, which allows customers to invite up to three other people, for a total of four account co-holders, was introduced in July 2020. [32] The EQ Bank Tax-Free Savings Account (TFSA) and the EQ Bank Retirement Savings Plan (RSP) were introduced in December 2020. Both products have no fees and can be opened online. [33]

  5. Tax-deferred: What does it mean and how does it benefit you?

    www.aol.com/finance/tax-deferred-does-mean-does...

    Tax-advantaged retirement accounts where contributions may be tax-deductible, and growth is tax-deferred until withdrawal. Retirement plans such as a 401(k) and 403(b)

  6. 529 plan vs. Roth IRA: Here’s how families can use both to ...

    www.aol.com/finance/529-plan-vs-roth-ira...

    “529 savings accounts are an incredible tool that provides savers with a combination of state income tax deductions, tax-deferred savings, and tax-free distributions for qualified educational ...

  7. Time to move your money: December's best high-yield savings ...

    www.aol.com/finance/best-high-yield-interest...

    The savings account offers you up to 4.00% APY with direct deposits of any amount, such as your payroll, pension or Social Security payments, while the checking account unlocks access to a debit ...

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