Accounts that suit your needs

What's your goal?

VirtualWealth offers a full range of account types to accommodate all your investing needs and goals.

Looking for tax free growth?

In a TFSA, your gains and income accumulate tax free and you won’t pay tax when you make a withdrawal. It’s ideal for first-time investors and investors with a wide range of short- or long-term savings goals. 

Open TFSA account

Saving for retirement?

A retirement savings account that offers you tax credits on contributions and allows your savings to grow tax fee until withdrawn during retirement. You can also borrow from your RRSP to help you buy a first-time home or pay for education expenses. 

Open RRSP account

Saving for a child's education?

An account for post-secondary education savings. Contributions grow on a tax free basis, and gains are ultimately taxed in the hands of the student when withdrawn. Individual and family plans are available. 

Open RESP account

Need ultimate flexibility?

Cash accounts are a great option for those wanting flexibility. There are no restrictions on how much you can invest or withdraw, so you always have easy access to your money. There are no tax incentives though, so earnings are taxable when withdrawn. 

Open Cash account

More account types

Spousal RRSP

Spousal RRSPs are great if one spouse earns a higher income than the other. A spouse can make an RRSP contribution on their partner’s behalf to reduce taxable income now and potentially lower taxes payable in the future.

LRSP (Locked-in Savings Plan) or LIRA (Locked-in Retirement Account)

LRSPs and LIRAs are registered accounts that lock-in pension funds until you retire. Until then, the funds grow on a tax-deferred basis.

RLSP (Restricted Locked-in Savings Plan)

RLSPs are supplementary to locked-in retirement plans. If you have transferred some of your pension savings into a Restricted Life Income Fund (RLIF), and want to re-invest the funds, you can transfer them into an RLSP.


Are you ready to start saving towards your goals?

The sooner you start investing, the sooner you can reach your goals, so we’ve made it easy to get started. You can open and fund your VirtualWealth account completely online, and begin saving today.