Our range of investment options can help get you where you want to be—no matter what your retirement plans and savings goals are.
An RRSP is a registered plan where you can invest your money. When you contribute to an RRSP, you reduce your taxable income while saving for retirement. Your funds can even be used to buy a first home or further your education (some conditions apply).
You might also want to think about investing in a TFSA or an RESP. A TFSA lets you grow your savings tax-free, while an RESP is a great way to save for your children's education—the government will match your contribution by 20% to 40%.
Try to contribute to your savings on a regular basis rather than waiting until the end of the year. We recommend setting up automatic withdrawals in your bank account as if you were paying a bill. Transfer the funds into an RRSP, an RESP or an TFSA—small investments can really add up!
Are you wondering how long you need to save for to reach a specific goal? Use our savings calculator.
Some investments may perform well in the short term but carry more risk, while others may generate lower returns but guarantee a stable income. A good investment strategy involves investing in a range of securities so your portfolio performs well overall.
Not sure which securities to choose? Start by identifying your investor profile based on your risk tolerance, goals, and investment horizon. Answer seven easy questions to find out.
Did you know that National Bank doesn't just offer financial products and solutions—it also places a team of experts at your disposal to help you manage your money. Advisors can help you manage your wealth, choose the right investments and start saving, even if you have a modest budget. Meet with an advisor today!
Don't try to time the market and don't panic if your investments drop in value. These ups and downs are a normal part of investing.
It's also a good idea to consult an advisor so you don't make snap decisions you'll regret.
If you'd like to know more about investing on the stock market, the NBDB platform has tools and resources to help you navigate the investment world. Visit the site to learn more.
Government grants for RESPs
Certain other provinces, including Saskatchewan and British Columbia, offer additional grants.