Investing made easy

registered investment acronyms RRSP? TFSA? GIC?
Becoming familiar with all of these acronyms can be daunting! Making sense of it all doesn’t need to be difficult – that’s where we come in. Our team of Affinity experts can help make sense of all the jargon by cutting through clutter.

On the other hand, you might already know your RRSPs from your TFSAs but still have a few questions on what might be the right one for you, check out our RRSP and TFSA pages.

Let Affinity be your partner in achieving financial independence.
Whether you’re a seasoned pro or a first timer, we can guide you on your investment journey. Call our Contact Centre at 1.866.863.6237 or drop by any of our Advice Centres.

How can I make an investment with Affinity?

We know that the thought of investing can be overwhelming – so let us take the guesswork out and make this a simple process for you. Check out our video to learn about how we make investing easy and convenient.

How do I know which product is right for me?

Wondering which way to go? Here's a quick comparison of RRSPs and TFSAs to help you out:

RRSP VS TFSA
Long term  Savings goal  Short or long term
GICs, mutual funds, stocks, bonds, etc.  Type of investment GICs, mutual funds, stocks, bonds, etc.
18% of prior year's reported income Contribution limit $5,500 per year (2018)
 yes  Tax deductible

 no

 yes  Taxed on withdrawal no 

Learn more here on the differences between RRSPs and TFSA and the benefits of each.

Am I really in a position to invest?

You bet you are. Start by paying yourself first. After speaking with our members, they told us they found saving was easy with pre-authorized debits. Set aside a portion of your pay cheque every time you get paid as automatic transfers into a savings, RRSP or TFSA account – or all of the above!

Your money does grow - the sooner you start, the more it grows - see this growth chart on how it works.

Let’s challenge the myth that a little doesn’t go a long way! Check out our TFSA and Retirement Planner calculators on how your investments grow over time – regardless of the amount or the account.

For more options other than TFSA and RRSP, visit our Investing – Planning and Savings page. Call our Contact Centre at 1.866.863.6237 to find out how you can start investing today!

And don’t forget, the deadline to contribute to your RRSP for the 2017 tax year is March 1, 2018.