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When it comes to investing, a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), or First Home Savings Account (FHSA) are all great options. They all come with tax advantages and the flexibility to hold a variety of investments such as GICs, mutual funds, and more. So how do you know which one is right for you? Let’s take a closer look.

What is it? A registered account where investment earnings and withdrawals are tax-free. A registered account where contributions are tax-deductible and investment earnings are tax-deferred. A registered account to help first-time homebuyers where contributions are tax-deductible and investment earnings and withdrawals are tax-free.
Who is eligible? Canadian residents who are 18 years or older. Canadian residents between the ages of 18 and 71 who have earned income and filed a tax return in Canada. Canadian residents between the ages of 18 and 71 who are considered first-time homebuyers.
What is the annual contribution limit? $7,000 for 2024, plus any unused contribution room from previous years. 18% of last year’s income, minus pension adjustments, up to a maximum of $31,560 for 2024. $8,000 annually, plus up to $8,000 unused contribution room, up to a lifetime maximum of $40,000.
What are the tax benefits? Savings grow tax-free Contributions are tax-deductible (up to your personal deduction limit), plus tax is deferred until the year you withdraw funds from your RRSP, at which point, it will be added as taxable income2 Contributions are tax-deductible (up to the annual and lifetime limits), plus savings grow tax-free (if you use funds for a qualifying first home)

From July 2, 2024 to September 30, 2024, open a new TFSA, RRSP, or FHSA and you could win $1,000.1

How to Take Advantage of this Offer:

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Step 1

Fill in the form below to speak to an Educators’ advisor about taking advantage of this offer.


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Step 2

Open a new TFSA, RRSP, or FHSA with a minimum deposit of $5,000.


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Step 3

Receive one entry into a draw, for your chance to win $1,000.1

Why invest with Educators Financial Group?

Since 1975, Educators Financial Group has been helping education members navigate their investment portfolios through uncertain times and plan for their future. No matter where you are in your career, what your present financial situation is like, or what the future may hold—we’ll make sure you’re equipped with the information and resources you need to invest with confidence.

Already have investments elsewhere? Switch to Educators Financial Group and we’ll cover the transfer fees!3

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