RRSPs, TFSAs, FHSAs, RESPs, and non-registered accounts each have different contribution, withdrawal, income-tax, attribution, and estate-planning consequences. Registered accounts generally shelter or defer tax according to their own rules, while non-registered accounts expose interest, dividends, foreign income, and capital gains to annual or disposition-based taxation.
For high-net-worth investors, the baseline planning issue is account location: which assets belong in which account, how contribution room is used, how withdrawals are sequenced, and how tax attributes flow through a household or estate plan.
Honios monitors CRA, Finance Canada, and budget developments for material changes to limits, eligibility, reporting, taxation, or account mechanics.