Your Money Journey

As a parent, you want to set your kids up for success – including helping them develop the financial skills they need to navigate adulthood with confidence. That’s why we’re excited to introduce a new series of short, animated educational videos designed to empower young adults on their financial journey.

These videos break down key investing concepts in a simple, approachable way and highlight the importance of financial planning. We’re starting with TFSAs, RRSPs and FHSA — and more topics will be added regularly.

Give your young adult children the tools they need to make informed financial decisions and build a strong foundation for their future.

Compound interest

When you put money into a savings account or investment, it starts to earn interest. That’s your money making more money. But the real magic happens when that interest compounds, and you earn interest not just on your original amount, but on the interest you’ve already made. That’s the power of compound interest.

Cohabitation agreements

Moving in together is a big step, but beyond choosing a place and picking out furniture, it's important to have meaningful conversations about money, responsibilities, and your future. That's where a cohabitation agreement comes in.

Understanding FHSAs

Feel like owning a home in Canada is out of reach? Well, something called the first home savings account or FHSA might make saving for that dream a little easier. The FHSA is designed to help you save for a down payment on your first qualifying home in Canada.

Understanding TFSAs

So, what's the best way to start saving, growing your wealth and lowering your tax bill? Meet the tax-free savings account or TFSA. It's a flexible way to help you grow your money while saving on your tax bill.

 

Understanding RRSPs

Retirement probably feels way too far away to even think about right now, but starting to save early can seriously pay off, and luckily it’s easy to get started. Meet the Registered Retirement Savings Plan (RRSP).