Financial Education
Clear explanations of common Canadian savings and investment accounts, and how personal planning can relate to a business owner’s broader financial picture.
Tax-free growth and withdrawals on a flexible registered account. Contributions aren't deductible.
Registered Retirement Savings Plan (RRSP) →A tax deduction today, tax-deferred growth, and taxable withdrawals later, usually in retirement.
First Home Savings Account (FHSA) →RRSP-style deduction plus TFSA-style tax-free withdrawals, built specifically for a first home purchase.
Registered Education Savings Plan (RESP) →Education savings with federal grant matching worth up to $7,200 per beneficiary.
Guaranteed Investment Certificates (GICs) →A fixed-term, fixed-rate deposit product, not an account type, but something you hold inside one.
Non-Registered Investing →Investing beyond your registered room. Full flexibility, no tax shelter on what you earn.
What this section is, and isn’t
This is general education about common Canadian savings and investment accounts, written so business owners have useful context, not a description of products or investment services GroRight currently offers. GroRight does not currently open or manage TFSAs, RRSPs, FHSAs, RESPs, GICs, or non-registered investment accounts.
Personal registered accounts are also separate from the corporate-owned assets discussed in our Solutions section. A TFSA or RRSP belongs to you personally, not to your corporation.
Have corporate planning questions that go beyond personal accounts? Explore corporate solutions →