Retirement and Registered Accounts

First Home Savings Accounts combine deductible contributions with tax-free qualifying withdrawals for an eligible first home.

Registered-account terms for RRSPs, TFSAs, FHSAs, RRIFs, contribution room, and withdrawal treatment.

Registered Retirement Income Funds hold registered savings after the contribution stage and pay out generally taxable retirement income.

Registered Retirement Savings Plans combine deductible contributions with tax-deferred growth and generally taxable withdrawals.

The RRSP deduction limit is the maximum RRSP contribution amount a taxpayer may deduct for the year.

Tax-Free Savings Accounts allow eligible growth and qualifying withdrawals without the up-front deduction model used by RRSPs.