Investment Options

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Account Options

Before you pick which investment products you want in your accounts, you need to know what kinds of account options are available. Most of the investment products — GICs, term deposits, savings accounts, mutual funds*, and more — can go in each of these types of accounts.


A Registered Retirement Savings Plan (RRSP) is an individual tax-sheltered investment account registered with the federal government that you use to save for retirement.

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  • Save for retirement, while getting a tax break today
  • Money grows, tax-sheltered
  • Normally taxed as income when withdrawn, but you may be able to use funds to buy a home or go to school, with no tax payable today


A Registered Retirement Income Fund (RRIF) is an individual registered fund that is opened when you transfer funds from your RRSP in preparation for retirement.

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  • Convert your RRSP to an RRIF, pay taxes only on what you take out
  • Minimum annual withdrawal requirements after age 71

Personal Savings

A personal savings account can be used for short- or long-term goals. Save for any reason with low risk and high rewards.

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  • Non-registered, potentially taxable, accounts
  • Can be opened in one name or joint with another person


A First-Home Saving Account (FHSA) is a new type of registered account to save for a down payment on a home, with added tax sheltering on contributions and tax-free qualified withdrawals.

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  • This is based on a proposal from the Government of Canada.
  • Save up to $40, 000 for your first home, while getting tax benefits.
  • Money grows, tax-sheltered, and is withdrawn tax-free (on qualified withdrawals)


A Registered Education Savings Plan (RESP) is an easy way to save money for post-secondary education. RESPs help you by collecting money through government grants and accumulating all earnings on your investments — tax-free.

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  • Save for post-secondary education for your children or grandchildren
  • Money grows, tax-sheltered
  • Government grants, learning bonds and more can increase your savings significantly


Business Account

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  • Invest at your corporate tax rate instead of your personal rate
  • Tax rules may require the advice of an accountant


A Tax-Free Savings Account (TFSA) is an individual investment plan that allows you to save and grow your money while earning tax-free investment income.

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  • Your money grows, tax-free
  • Annual contribution limits are set by the government


The RDSP is a tax-deferred savings vehicle designed to help parents and others save for the long-term financial security of people with severe disabilities.

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  • Money grows, tax-sheltered
  • Government grants and savings bonds can increase your savings significantly


The trick is to know which investment product to choose for which type of account. Each account has its own rules and tax treatment. It can get a little murky sometimes, even to experienced investors — just one more reason to work with a Libro Coach to pick the best investment type for your goals.

Mutual Funds

Mutual funds* are a collection of stocks and bonds that are funded by shareholders (unit holders). They are professionally managed and diversified to spread risk.

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  • A mix of investments that fit your investment goals and risk appetite
  • Socially-responsible mutual fund* options are available through our partner, Aviso Wealth

Qtrade Guided Portfolios®

Qtrade Guided Portfolios®*** is a simple online investing service that provides you with a professionally managed, low-cost portfolio to match your personal financial goals.

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  • Digital advice online investing service


GIC/Term Deposits

A Guaranteed Investment Certificate (GIC) allows you to lock your money in and let interest build. Your money has nowhere to go but up!

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  • 100% guaranteed investment principal
  • Term deposits from 30 to 365 days
  • GICs from one to five years

Investment Shares

When you invest in Libro Investment Shares, you join us in promoting a thriving local economy, while gaining a solid financial return.**

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  • Libro Class I Investment Shares are an exclusive investment opportunity for Libro Owners.

Qtrade Direct Investing***

Qtrade Direct Investing*** is Libro’s preferred solution for Owners who want to manage their own investments, or a portion of their own investments.

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  • Online option for managing your own investments

*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.  

Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated.  

***Online brokerage services are offered through Qtrade Direct Investing. Qtrade Direct Investing and Qtrade Guided Portfolios are divisions of Aviso Financial Inc. 

**1. Dividends (taxed as interest) are not guaranteed to be declared annually and are non-cumulative  
2. There is no market through which these securities may be sold.  
3. The securities offered are not deposits. The securities offered are not insured. The dividends on the securities are not guaranteed.  
4. Class I Investment Shares are subject to the transfer and redemption restrictions under the Credit Unions and Caisses Populaires Act, 1994 and the restrictions under the Offering Statement. 

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