The Empowered Investor

In this episode, Lawrence Greenberg and Jackson Matthews provide a comprehensive guide to the various types of investment accounts available to Canadians. From foundational accounts like TFSAs and RRSPs to specialized options like RESPs and RDSPs, the hosts outline how each account works, who they are best suited for, and common misconceptions. Whether you're saving for retirement, education, or your first home, this episode offers practical insights to maximize your financial strategy in 2025.

Thank you for tuning in!

Key Topics:

• Purpose of the episode: Navigating Canadian investment accounts. [00:01:00]
• Deep dive into Tax-Free Savings Account (TFSA). [00:01:47]
• Common misconceptions about TFSAs. [00:03:36]
• Registered Retirement Savings Plan (RRSP) basics. [00:04:32]
• Updates to the homebuyers' plan within RRSPs. [00:07:18]
• RRSP suitability for moderate to high-income earners. [00:09:05]
• Registered Education Savings Plan (RESP) explained. [00:10:05]
• Taxation on RESP withdrawals and planning tips. [00:12:33]
• Registered Disability Savings Plan (RDSP) overview. [00:14:07]
• Importance of RDSPs for qualifying individuals. [00:15:35]
• First Home Savings Account (FHSA) – a new tool for homebuyers. [00:16:05]
• FHSA eligibility and misconceptions. [00:18:35]
• Non-registered investment accounts and their tax implications. [00:20:05]
• Corporate investment accounts and holding companies. [00:22:10]
• Individual Pension Plan (IPP) for high-income earners. [00:23:02]
• Key takeaways and planning advice for the new year. [00:24:10]

And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

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