Investment accounts

The options you need to meet every financial goal

We’ll build the right combination for you

We offer a full range of registered and non-registered accounts because a solid financial plan rarely relies on a single approach. We’re here to help you select the combination of accounts that will work in harmony to offer you the best possible potential for long-term success.

Registered accounts

Tax-free savings accounts

You pay no tax on the money you earn in a tax-free savings account (TFSA), and you can withdraw your money at any time with no penalty. There are limits on how much you can contribute annually, but no limit on the amount you can withdraw. This makes a TFSA a flexible account for saving and investing for short- and long-term goals.

Learn more about TFSAs

Registered retirement savings plans

Primarily used to save for retirement, a registered retirement savings plan (RRSP) allows your investments in this account to grow on a tax-deferred basis. Contributions can reduce your taxable income. There are limits on how much you can contribute, and withdrawals are considered income.

Learn more about RRSPs

Registered retirement income funds

RRIFs are designed to provide regular retirement income. By the end of the calendar year in which you turn 71, you will need to convert your RRSP into a RRIF. Even after you begin to withdraw retirement income, the funds in your RRIF will continue to grow on a tax-deferred basis. Withdrawals are added to any other income you receive for tax purposes.

Learn more about RRIFs

Registered education savings plans

Parents, family members and others can use a registered education savings plan (RESP) to contribute to a child’s post-secondary education up to a lifetime maximum of $50,000 per child. Investments grow tax-deferred, and additional incentives (such as government grants and bonds) may also be available.

Learn more about RESPs

Non-registered accounts

A non-registered investment account provides you with the opportunity to purchase all types of investments for any combination of goals. Unlike registered accounts, there are no limits on contributions or withdrawals, and all investment gains are taxable in the year that they are realized.

MD Family Trusts

This unique account offers an ideal way for you to invest funds on behalf of others, such as your children and grandchildren. Trusts can be created at any time for a wide variety of purposes. The most common goal of a trust is to provide tax-effective growth and long-term security for your loved ones.

Learn more about MD Family Trusts

Corporate investment accounts

Incorporated physicians who choose to retain earnings in their corporation usually pay less tax upfront, which accelerates their wealth accumulation for retirement or business debt repayment.

Read our guide on optimizing your finances as an incorporated physician

Individual pension plans

Incorporated physicians who pay themselves a salary can have their corporation set up an individual pension plan (IPP), where the corporation pays the costs and makes the contributions. In the right circumstances, an IPP can enhance tax savings because the corporation makes tax-deductible contributions and you benefit from tax-deferred growth inside the plan.

Learn more about IPPs