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Smart Saving

Invest for the long term



How do you see yourself living five or ten years after graduation? You can set yourself up for the future if you start saving early.

You’re in no rush to get there, but imagine your life in a few years’ time. Are you in your own house? Is there a nice car in the driveway? Are you running your own business? If you set aside small amounts of money on a regular basis, starting now, you can be ready for just about anything.

These strategies can help you save and help your money grow.

Kick-start an RSP to save taxes

Find out why TD Retirement Savings Plans (RSPs) aren’t just for old people. Once you start working, contributing to an RSP earns you a generous tax deduction as an incentive to save for your future. Plus, the money you invest grows tax-deferred until you withdraw it — giving you lots of time for your money to grow. To learn more, watch our exclusive RSP video or start using our RSP Savings Calculator to see how much more you can save.

  • Did you know: You can use RSP money to buy your first home. Start saving now, and you can eventually withdraw as much as $20,000 from your RSP to purchase or build your first home. Such withdrawals are not taxable as long as you repay your RSP over 15 years.

A new way to save — tax free!

The Tax–Free Savings Account (TFSA) is a great additional way to save for long-term goals such as post-graduate studies, travel, a new car, or starting your own business. You can access your money tax-free anytime1 and replace any amount you withdraw beginning in the year after you withdraw the funds.

  • Did you know: The TFSA is a flexible registered savings account that allows you to earn investment income without paying taxes on it. You can contribute up to $5,0002 a year and put the money into all kinds of investments.
1 Some restrictions may apply, depending on the investments chosen.
2 2009 contribution limit. This limit is indexed to inflation.

Invest it automatically

Whatever you’re saving for, our Pre-Authorized Purchase Plan (PPP) will help you invest a set amount into a TD Mutual Fund at regular intervals (from weekly to annually). For example, you can transfer $25 every month automatically from another account. Saving is easier when you don’t even have to think about it and chances are, you won’t miss the amount you’re investing.


Ready to be more hands on?

If you’re ready to graduate to a more hands-on approach to investing, why not attend a free TD Waterhouse seminar? Your questions will be answered by experts in the field, and you’ll gain confidence about what investment options make sense for you.

For anyone who wants to invest online, TD Waterhouse WebBroker is a safe, secure and easy way to manage your investments and get up-to-the-minute market analysis and information.


The advantages of investing in mutual funds

Buying units of mutual funds with your savings allows you to pool your money with other investors for greater purchasing power — and the mutual fund uses the money to buy securities such as stocks and bonds. In turn, professional money managers make the investment decisions concerning which stocks, bonds or other securities will be used to fulfill the investment objective.

There are many kinds of mutual funds suited to different investment goals. Browse our mutual funds basics to learn the benefits they can bring, from investing globally to managing market risk.

TD Mutual Funds are available to suit a wide range of investment objectives and risk tolerances. For instance, if you are concerned about using your money for sustainable investing, the TD Global Sustainability Fund invests in companies around the globe, that are viewed as contributing to the world’s future sustainability.


Learn to invest for the long term

Let TD Canada Trust show you how to get started to help make your savings grow over time. We can guide you through some of these common starting points for new investors and highlight the ones that make the most sense for you.