The TFSA and RRSP with FlexiFonds products

Discover the benefits of these two savings vehicles.

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TFSAs and RRSPs allow you to invest your savings to achieve your goals. As registered savings vehicles, they have distinct yet complementary tax benefits. With FlexiFonds products, you can invest your savings in the local economy and carry out the projects you care about.

Useful things you can do with your TFSA:

Carry out a project: home renovations, travel, a wedding, etc.

Carry out a project: home renovations, travel, a wedding, etc.

Finance your retirement

Finance your retirement

Buy a home (without the HBP)

Buy a home (without the HBP)

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Useful things you can do with your RRSP:

Finance your retirement

Finance your retirement

Buy a home (with the HBP)

Buy a home (with the HBP)

Go back to school

Go back to school
 

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TFSA or RRSP? Why not both?

Here are the main features that differentiate these complementary savings solutions. Harnessing their respective tax benefits can be a winning strategy in the short and long term.

TFSA with FlexiFonds products RRSP with FlexiFonds products
Main savings objective Carrying out a project Planning your retirement
Tax-deductible contributions No Yes
30% tax credits only available with the Fonds No No
Taxable withdrawals No Yes
Contribution room $7,000 for the year 2025 and up to $102,000 if you have never contributed to a TFSA and turned 18 before the year 2009 18% of your income earned in the previous year up to a maximum of $32,490, which is the annual contribution limit for the 2025 tax year
Contribution deadline None March 2, 2026, for the 2025 tax year
Minimum age 18 As soon as you have declared income in the previous year
Maximum age None 71

TFSA: Maximize your returns tax-free

The TFSA is much more than a savings account! Since you're investing net money and there are no deductions at the time of your contribution, the return on your investments will not be taxed. Indeed, the TFSA is extremely useful for medium-term projects—and the more you put your savings to work, the more it pays off!

Learn more about the TFSA with FlexiFonds productsLearn more about the TFSA with FlexiFonds products

RRSP: Defer the tax payable

The great thing about an RRSP is that your contributions are tax deductible. This means you can save for retirement while reducing your taxable income, which can be very beneficial if you have a high income. However, as soon as you withdraw money from your RRSP, it's added to your income and you must pay your fair share of taxes, unless you withdraw your money to take advantage of the HBP or LLP.

Learn more about the RRSP with FlexiFonds productsLearn more about the RRSP with FlexiFonds products

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Why choose FlexiFonds products?

Investments in the local economy
Access to a team of advisors, regardless of the size of your savings, with zero pressure and zero commissions
Choice of three products tailored to different risk profiles and savings goals
More than 40 years of financial experience at your service

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70% of FlexiFonds mutual fund assets are related to the local economy.

Most frequently asked questions

FlexiFonds
Do I get the 30% tax credits with the FlexiFonds offering?
The 30% tax credits are only available with the Class A shares of the Fonds. No labour-sponsored fund tax credit is applicable to FlexiFonds. With  FlexiFonds products, you get the tax benefits related to the savings vehicles offered and the opportunity to easily access your savings when you need them.
More Details : Do I get the 30% tax credits with the FlexiFonds offering?
Getting Started
Should you choose an RRSP or a TFSA?
The higher your tax rate is, the more it's to your advantage to contribute to your RRSP. However, if you plan on withdrawing amounts in the short term, consider contributing to your TFSA.
More Details : Should you choose an RRSP or a TFSA?
FlexiFonds
What are the withdrawal conditions for units registered in a TFSA with FlexiFonds products?
There are no withdrawal conditions or transaction fees on all FlexiFonds products.
More Details : What are the withdrawal conditions for units registered in a TFSA with FlexiFonds products?
FlexiFonds
Can I transfer my savings to FlexiFonds from another financial institution?
Yes. You can transfer a TFSA, an RRSP or a RIFF to a FlexiFonds product by phone or directly online.
More Details : Can I transfer my savings to FlexiFonds from another financial institution?
FlexiFonds
What is the role of a mutual fund advisor?
Mutual fund advisors hold the mutual fund dealing representative designation. Their role is to analyze the financial position of savers to offer them mutual funds that are tailored to their needs and their investor profile.
More Details : What is the role of a mutual fund advisor?
FlexiFonds
What are the withdrawal conditions for units registered in a RRSP with FlexiFonds products?
There are no withdrawal conditions for FlexiFonds products. You should note, however, that withdrawing amounts from an RRSP gives rise to tax withholdings.
More Details : What are the withdrawal conditions for units registered in a RRSP with FlexiFonds products?

Still unsure? Talk to a FlexiFonds mutual fund advisor.

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1-833-383-2121

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