Retirement planning is more than just opening an RSP or contributing to a pension plan through your employer. There are life changes, tax implications, short term goals, current cash flow, risk tolerance questions, and much more to consider. Establishing a strong relationship with a financial planner can help you focus, keep you on track, and ensure that someone is equally invested in helping you achieve your retirement goals.

One of the first questions that potential investors often ask is which account should I use – Registered Retirement Savings Plans (RSP), Tax Free Savings Account (TFSA), or First Home Savings Account (FHSA)? All of these accounts offer benefits to investors and understanding the differences between them is the first step in making a choice.