Savings & Investments
A segregated fund is a type of investment vehicle commonly used by Canadian insurance companies to give you the freedom to invest while offering insurance protection to preserve your savings.
A segregated fund offers investment capital appreciation and life insurance benefits.
Registered retirement savings plan (RRSP)
It’s an investing and retirement savings account registered with the Canada Revenue Agency (CRA) that provides Canadians benefits to save for retirement. The money you put towards an RRSP isn’t taxed as a part of your income, so you pay less income tax.