Accounts
Find the right Account for you with a little help from us
TFSA? RSP? Behold, the meaning behind the acronyms.
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Tax-Free Savings Account
It's the multi-tool of registered accounts. You can put money in and not be taxed on growth - while you can also withdraw money from your TFSA anytime… tax-free. Hooray!
Fast Facts
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Get more contribution room every year
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Unused contributions are carried forward
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You can withdraw funds anytime (no penalties or taxes!)
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You don’t pay taxes on gains
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Start with as little as $25
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Available to Canadians 18 or older
A TFSA works well for almost any goal, whether short, mid, or long-term because of its flexibility. With Tangerine you’ll get an indexing strategy, low Portfolio costsfootnote1, global diversification and the ability to invest automatically. Whatever your goal, if you have the contribution room, you may as well shelter your money from taxes.
Retirement Savings Plan
This Account is designed for one thing, and one thing only — to help you retire in style. RSPs have two nice benefits: One, you can deduct your contributions from your income (less taxes!) and two, growth is tax deferred. Pair these with our index-based investment approach, and you’ve got a fantastic tool in your financial utility belt.
Fast Facts
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Pay less taxes now (contributions are tax deductible)
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Enjoy tax-deferred growth on your investment
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Unused contributions are carried forward each year
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Start with as little as $25
If you’re looking to reduce your taxable income now while investing for your retirement, you’re looking for an RSP. It’s not as flexible as a TFSA, but it’s a good choice for retirement. With Tangerine you’ll get an indexing strategy, low Portfolio costsfootnote1, global diversification and the ability to invest automatically.
Non-Registered Investment
So you've maxed out your RSP and TFSA but still have funds you want to invest, or maybe you're looking for an account with lots of flexibility. Allow us to direct your attention to our Non-Registered Investment Account - it might be exactly what you're looking for.
Fast Facts
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Ultimate flexibility with no contribution limits
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Withdraw funds whenever you need them
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Start with as little as $25
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Available to Canadians 18 or older
With Tangerine you’ll get an indexing strategy, low Portfolio costsfootnote1, global diversification and the ability to invest automatically. We’ll help you assess your risk tolerance, timeframe and objectives, and recommend the Portfolio that fits you best.
Retirement Income Fund
You worked, you saved, you invested, and you retired. With a RIF Investment Fund, you can draw the income you need from your retirement savings while continuing to help grow your investments. When you’re ready, simply convert your RSP to a RIF and you can start using your retirement savings as a source of income.
Fast Facts
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Designed to provide a minimum retirement income amount every year
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Allowed to grow tax sheltered (you pay tax only on withdrawals)
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A good option when you need to convert your RSP
Start enjoying the money you’ve set aside for retirement while still having the potential for moderate gains. With Tangerine you’ll get an indexing strategy, low Portfolio costsfootnote1, and global diversification.
Footnote*Calculated using Tangerine's Balanced Portfolio which for the periods ended has returned an average of: % in 1 year, % in 3 years, % in 5 years and % in 10 years. Past returns are not a guarantee of future results.
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The best time to invest is now
With Tangerine, you'll get an indexing strategy, low Portfolio costsfootnote1, global diversification and the ability to invest automatically.
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Complete your enrollment online. Our licensed experts are here for you if you need them. Speak with an expert at 1-877-464-5678. Monday to Friday, 8 am – 8 pm ET.
Footnote 1
The M E R for the Tangerine Portfolios for the period ended June 30, 2023 ranged from 0.76% to 1.06% after applicable waivers and absorptions by the manager. Each Tangerine Investment Fund offers one series of units, and is considered equivalent to an A-series mutual fund. “A-series mutual funds” often refers to the standard “one-size-fits-all” funds that have traditionally populated the Canadian mutual funds universe. According to the Investor Economics Insight report dated June 2022, the asset weighted M E R for A-series mutual funds for the year ending December 2021 was 1.98%.
Mutual funds are not insured by CDIC.
Tangerine Investment Funds are managed by Tangerine Investment Management Inc. and are only available by opening an Investment Fund Account with Tangerine Investment Funds Limited. These firms are wholly owned subsidiaries of Tangerine Bank. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or operational charges or income taxes payable by any security holder that would have reduced returns. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
