Investment Savings Accounts at RBC: Your Path to a Secure Financial Future

Welcome to the world of investment savings accounts at RBC! If you're looking to save and invest for tomorrow, you've come to the right place. At RBC, we offer a wide range of investment accounts, savings accounts, and investment products to help you achieve your financial goals. Whether you're saving for retirement, a child's education, your first home, or simply looking to grow your wealth, we have the tools and expertise to guide you along the way.

When it comes to investing, it's important to have a clear understanding of your options. That's why we offer a variety of investment accounts to suit your needs. From registered investment accounts like Tax-Free Savings Accounts (TFSAs), Registered Retirement Savings Plans (RRSPs), and First Home Savings Accounts (FHSAs), to non-registered accounts and self-directed accounts, we have the right account for you.

Registered Investment Accounts: A Tax-Advantaged Path to Growth

If you're looking to save for the long term while minimizing your tax liabilities, our registered investment accounts are the way to go. With a Tax-Free Savings Account (TFSA), you can contribute up to $6,000 per year and any investment growth is tax-free. This makes it a great option for both short-term and long-term savings goals.

A Registered Retirement Savings Plan (RRSP) is another popular choice for long-term savings. Contributions to an RRSP are tax-deductible, meaning you can reduce your taxable income and potentially receive a tax refund. Plus, your investments grow tax-free until you withdraw the funds in retirement.

If you're saving for your first home, our First Home Savings Account (FHSA) is the perfect tool. With an FHSA, you can contribute up to $35,000 and your investments grow tax-free. Plus, you may be eligible for the Home Buyers' Plan (HBP), which allows you to withdraw funds from your RRSP to buy or build a qualifying home.

Investment Products: Choose from a Wide Range of Options

At RBC, we understand that every investor is unique. That's why we offer a wide range of investment products to suit your individual goals and risk tolerance. Whether you're interested in stocks, bonds, mutual funds, exchange-traded funds (ETFs), or guaranteed investment certificates (GICs), we have the right product for you.

Tax-Free Savings Account (TFSA)

A TFSA is a versatile investment account that allows you to save and invest without paying taxes on the growth. With a TFSA, you can contribute up to $6,000 per year and any investment income, including capital gains, dividends, and interest, is tax-free.

Registered Retirement Savings Plan (RRSP)

An RRSP is a tax-advantaged investment account designed to help Canadians save for retirement. Contributions to an RRSP are tax-deductible, meaning you can reduce your taxable income and potentially receive a tax refund. Your investments grow tax-free until you withdraw the funds in retirement.

First Home Savings Account (FHSA)

An FHSA is specifically designed for Canadians who are saving for their first home. Contributions to an FHSA are not tax-deductible, but any investment growth is tax-free. Plus, you may be eligible for the Home Buyers' Plan (HBP), which allows you to withdraw funds from your RRSP to buy or build a qualifying home.

Registered Education Savings Plan (RESP)

If you have children and want to save for their education, an RESP is the way to go. With an RESP, your contributions grow tax-free and you may be eligible for government grants to boost your savings.

Registered Retirement Income Fund (RRIF)

When you're ready to retire, an RRIF allows you to convert your RRSP savings into a stream of income. With an RRIF, you can choose how much you withdraw each year, and any investment growth is tax-deferred until you make a withdrawal.

Registered Disability Savings Plan (RDSP)

If you or a loved one has a disability, an RDSP can help you save for long-term financial security. Contributions to an RDSP are not tax-deductible, but any investment growth is tax-deferred until you make a withdrawal.

Guaranteed Investment Certificates (GICs)

If you're looking for a low-risk investment option, GICs are a great choice. With a GIC, you lock in your investment for a specific period of time and receive a guaranteed rate of return.

Mutual Funds

Mutual funds are professionally managed investment portfolios that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, and other securities.

Portfolio Solutions

If you're looking for a hassle-free investment option, our portfolio solutions may be right for you. With portfolio solutions, our experts handle the investment decisions and portfolio management, so you can focus on your other priorities.

Savings Deposits

If you're looking to save for a specific goal, our savings deposits offer a secure and flexible option. With a savings deposit, your money is safe and easily accessible when you need it.

Exchange Traded Funds (ETFs)

ETFs are similar to mutual funds, but they trade on a stock exchange like individual stocks. ETFs offer diversification and low management fees, making them an attractive option for many investors.

Stocks, Bonds, and More

If you're an experienced investor looking for individual securities, we offer a wide range of options, including stocks, bonds, options, and more.

Savings Accounts: See All Your Money in One Spot with MyAdvisor!

Managing your finances doesn't have to be complicated. With our MyAdvisor platform, you can see all your money in one spot and get personalized advice to help you make informed investment decisions. MyAdvisor provides a comprehensive view of your investments, savings accounts, and investment products, making it easier than ever to stay on top of your financial goals.

Let's Connect. We'd Love to Help.

At RBC, we're here to help you every step of the way on your financial journey. Whether you have questions about investment accounts, savings accounts, investment products, or anything else related to your finances, our team of experts is ready to assist you. Give us a call, send us an email, or visit one of our branches to get started today!