There are several ways to save at your disposal and although you can choose to take only one path, it is usually in your best interest to diversify (use several options) to maximise your savings. The most common forms of saving are:
- Tax Free Savings Accounts (TFSA’s)
- Registered Retirement Savings Plans (RRSP’s)
- Guaranteed Investment Certificates (GIC’s)
- Stocks
- Bonds
- Mutual Funds