What’s the difference between a TFSA and an RRSP?
A TFSA and an RRSP both have yearly contribution limits and unlimited rollover for unused contributions in previous years. They can also both be used to save for a home in combination with an FHSA (First Home Savings Account).
TFSA
- Great for short-term savings
- Don’t pay taxes on your investment returns
- Flexible withdrawals anytime
RRSP
- Great for long-term savings like retirement
- Defer paying taxes on your investments and returns
- Can use funds for some one-time payments (like a first home)
Why invest with Co-operators?
Personalized advice
Straightforward investing
Co-operative values
Ready to open a TFSA or an RRSP?
For more than 80 years, we’ve been helping Canadians build and protect their financial futures. With more than 600 locations across the country, a financial representative is ready to chat when you are.
Mutual funds are offered through Co-operators Financial Investment Services Inc. to Canadian residents except those in Québec and the territories. Segregated funds and annuities are administered by Co-operators Life Insurance Company. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Fund Facts before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured or guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits. Their values change frequently and past performance may not be repeated. The information contained in this report was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete and it should not be considered personal taxation advice. We are not tax advisors and we recommend that clients seek independent advice from a professional tax advisor on tax related matters. In Quebec, a licensed insurance advisor is a Financial Security Advisor or a Representative. www.cooperators.ca | 1-800-454-8061
Co-operators Financial Investment Services Inc. And Co-operators Life Insurance Company are committed to protecting the privacy, confidentiality, accuracy and security of the personal information that we collect, use, retain and disclose in the course of conducting our business. Please refer to our privacy policy for more information. Co-operators® is a registered trademark of The Co-operators Group Limited and is used with permission. ©2025 Co-operators Financial Investment Services Inc. ©2025 Co-operators Life Insurance Company