If you’re unsure which account is right for you, you can contact us in the Intelligent Investing app or email support@intelligentinvesting.ai. A portfolio manager from IntelligentInvesting Wealth Management Inc. will help guide you toward the account that best fits your situation.

Through Managed Investing, we offer three types of investment accounts:

Despite the name, a TFSA isn’t just for short-term savings—it’s often the best starting point for investing.
​

Investments held in a TFSA grow tax-free, meaning you don’t pay tax on investment income or gains. Withdrawals are also tax-free, which makes this account flexible and relatively liquid.
​

There is a lifetime contribution limit set by the federal government. As of 2023, the maximum cumulative contribution room is $88,000, though your personal limit may be lower depending on factors such as when you turned 18, time spent outside Canada, or recent withdrawals.
​
If you’re not sure how much you can contribute, speak to a portfolio manager or log in to the Canada Revenue Agency portal to see the exact contribution room in your account.

​

The Registered Retirement Savings Plan (RRSP)

An RRSP is a good option for investors who already have an emergency fund, are in their peak earning years, and have already made the maximum contribution to a TFSA. This kind of account can also be a good option for investors who are saving to buy a home under the Home Buyers’ Plan (HBP) or saving to go back to school under the Lifelong Learning Plan (LLP).

Please note that whatever contribution an investor makes to their RRSP is deducted from their reported income at tax time, which will likely lower their tax bill. However, withdrawing money from a Moka RRSP is not free and has tax implications because the withdrawn funds will be considered income for the year in which they were withdrawn.

​The non-registered account
A non-registered account is free to withdraw from and has no contribution limit, but it does not come with any tax benefits.