FP2 Chapter 7: Tax Planning Using Registered and Trust Accounts

In this section

• Tax Planning Strategies for Families and Children
  Explore key child-focused tax strategies in Canada—from child care expense deductions to the Canada Child Benefit and beyond—empowering parents to optimize after-tax income and support their children’s financial future.
• Tax-Planning Strategies Using Registered Education Savings Plans (RESPs) and Informal In-Trust Accounts
  Learn how RESPs and Informal In-Trust Accounts can help you optimize tax efficiency for a child's education savings and long-term wealth accumulation.
• Registered Disability Savings Plan (RDSP) Explained
  Learn how RDSPs provide long-term disability savings opportunities, government grants and bonds, and tax-deferred growth for eligible Canadians.
• Tax-Free Savings Accounts (TFSAs) Explained
  Discover how TFSAs function, their core advantages, contribution rules, and best practices. Learn how to integrate them into broader financial planning, including retirement and estate considerations.