Top 7 Best Investment Apps in Canada 2025
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In this guide, we’ll break down the best investment apps in Canada for 2025, comparing key features like fees, ease of use, market access, and customer support. We’ll also explore user reviews, security features, and pros and cons, helping you make an informed choice.
Wealthsimple
CA Investment App Score: 4.7/5
Trading and investing involve risk. Capital at Risk
Questrade
CA Investment App Score: 4.5/5
Trading and investing involve risk. Capital at Risk
Qtrade
CA Investment App Score: 4.5/5
Trading and investing involve risk. Capital at Risk
Wealthsimple SDI
CA Investment App Score: 4.5/5
Trading and investing involve risk. Capital at Risk
Quick Answer: What is the Best Investment App in Canada?
Wealthsimple is the best overall investment app in Canada for 2025, thanks to its low fees, beginner-friendly interface, and availability of ethical investing options. Whether you’re just starting or looking to diversify your portfolio, Wealthsimple has something for everyone.
How Do the Top Forex Brokers in the UK Rank?
| Rank | Platform | Best For | Fees | Assets Offered | Ease of Use & User Interface | Customer Support |
|---|---|---|---|---|---|---|
| #1 | Wealthsimple | Beginners, Ethical Investors | $0 trading fees for stocks & ETFs; Crypto fees vary | Stocks, ETFs, Cryptocurrencies | Very intuitive; sleek, beginner-friendly mobile and web apps | Limited support via chat and email; no phone support |
| #2 | Questrade | Active Traders, DIY Investors | $4.95–$9.95 per trade; free ETF purchases | Stocks, ETFs, Mutual Funds, Options, Bonds, GICs | Moderate complexity; packed with advanced tools but requires learning curve | Strong customer support via phone, live chat, and email |
| #3 | Qtrade | Education-Focused Investors | $6.95 per trade; discounted pricing for active traders | Stocks, ETFs, Mutual Funds, Bonds, GICs | User-friendly with great educational resources and demo account | Top-rated support via phone, live chat, and email |
| #4 | Wealthsimple Self-Directed | DIY Beginners | $0 trading fees | Stocks, ETFs | Simple, beginner-friendly platform, but fewer advanced tools | Limited support, mostly email-based |
| #5 | Questwealth | Passive Investors | 0.25–0.35% annual fees (lower than most robo-advisors) | ETFs | Easy setup, fully automated investing experience | Decent support via chat and phone, but lacks 24/7 availability |
| #6 | Moka | Small Budget Investors | $3.99 monthly fee | ETFs | Hands-free, automated investing with round-up features | Minimal support via email only |
| #7 | CIBC Investor’s Edge | Bank Integration Users | $6.95 per trade; lower for high-volume traders | Stocks, ETFs, Mutual Funds | Moderate usability; integrates well with CIBC banking but lacks modern UI | Good support, includes phone, chat, and in-branch help |
Here are the Top 7 Investment apps Ranked in Canada
- Wealthsimple – Low fees, user-friendly, and beginner-focused
- Questrade – Comprehensive tools, excellent for active investors
- Qtrade – Affordable, reliable, and full of educational tools
- Wealthsimple Self-Directed Investing – Great for DIY investors
- Questwealth (Questrade’s Robo-Advisor) – Hands-free investing with low fees
- Moka – Automated savings and investment app for small budgets
- CIBC Investor’s Edge – Reliable platform with strong customer support
Pros & Cons
- Ultra-low fees for active traders
- Huge range of assets and forex pairs
- Access to 150+ global markets
- Advanced trading platforms
- Complex interface
- $10 inactivity fee (if balance < $100K and no commissions)
- No MT4/MT5 integration
- High threshold for earning interest on cash
-
What makes Interactive Brokers a good choice?
-
What are the fees and spreads?
-
Is this broker safe and regulated?
-
Who is this broker best suited for?
Interactive Brokers offers advanced trading tools, access to over 150 global markets, and institutional-grade platforms. It’s designed for experienced traders who need precision, flexibility, and the ability to trade a wide range of asset classes at low cost.
Spreads are highly competitive, starting from 0.1 pips on major forex pairs. There are no deposit or inactivity fees. A tiered commission model is used for some markets, which can reduce costs further for high-volume or active traders.
Yes. Interactive Brokers is regulated by the FCA in the UK and holds multiple top-tier licenses worldwide. It is publicly traded on NASDAQ, offers strong financial disclosures, and protects client funds through account segregation and FSCS where applicable.
Interactive Brokers is best for professional traders and investors who want access to global markets, detailed reporting, and custom trading strategies. It’s not ideal for beginners due to the complexity of its platform and tools.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Pros & Cons
- Ultra-low fees for active traders
- Huge range of assets and forex pairs
- Access to 150+ global markets
- Advanced trading platforms
- Complex interface
- $10 inactivity fee (if balance < $100K and no commissions)
- No MT4/MT5 integration
- High threshold for earning interest on cash
-
What makes Interactive Brokers a good choice?
-
What are the fees and spreads?
-
Is this broker safe and regulated?
-
Who is this broker best suited for?
Interactive Brokers offers advanced trading tools, access to over 150 global markets, and institutional-grade platforms. It’s designed for experienced traders who need precision, flexibility, and the ability to trade a wide range of asset classes at low cost.
Spreads are highly competitive, starting from 0.1 pips on major forex pairs. There are no deposit or inactivity fees. A tiered commission model is used for some markets, which can reduce costs further for high-volume or active traders.
Yes. Interactive Brokers is regulated by the FCA in the UK and holds multiple top-tier licenses worldwide. It is publicly traded on NASDAQ, offers strong financial disclosures, and protects client funds through account segregation and FSCS where applicable.
Interactive Brokers is best for professional traders and investors who want access to global markets, detailed reporting, and custom trading strategies. It’s not ideal for beginners due to the complexity of its platform and tools.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Pros & Cons
- Ultra-low fees for active traders
- Huge range of assets and forex pairs
- Access to 150+ global markets
- Advanced trading platforms
- Complex interface
- $10 inactivity fee (if balance < $100K and no commissions)
- No MT4/MT5 integration
- High threshold for earning interest on cash
-
What makes Interactive Brokers a good choice?
-
What are the fees and spreads?
-
Is this broker safe and regulated?
-
Who is this broker best suited for?
Interactive Brokers offers advanced trading tools, access to over 150 global markets, and institutional-grade platforms. It’s designed for experienced traders who need precision, flexibility, and the ability to trade a wide range of asset classes at low cost.
Spreads are highly competitive, starting from 0.1 pips on major forex pairs. There are no deposit or inactivity fees. A tiered commission model is used for some markets, which can reduce costs further for high-volume or active traders.
Yes. Interactive Brokers is regulated by the FCA in the UK and holds multiple top-tier licenses worldwide. It is publicly traded on NASDAQ, offers strong financial disclosures, and protects client funds through account segregation and FSCS where applicable.
Interactive Brokers is best for professional traders and investors who want access to global markets, detailed reporting, and custom trading strategies. It’s not ideal for beginners due to the complexity of its platform and tools.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Pros & Cons
- Ultra-low fees for active traders
- Huge range of assets and forex pairs
- Access to 150+ global markets
- Advanced trading platforms
- Complex interface
- $10 inactivity fee (if balance < $100K and no commissions)
- No MT4/MT5 integration
- High threshold for earning interest on cash
-
What makes Interactive Brokers a good choice?
-
What are the fees and spreads?
-
Is this broker safe and regulated?
-
Who is this broker best suited for?
Interactive Brokers offers advanced trading tools, access to over 150 global markets, and institutional-grade platforms. It’s designed for experienced traders who need precision, flexibility, and the ability to trade a wide range of asset classes at low cost.
Spreads are highly competitive, starting from 0.1 pips on major forex pairs. There are no deposit or inactivity fees. A tiered commission model is used for some markets, which can reduce costs further for high-volume or active traders.
Yes. Interactive Brokers is regulated by the FCA in the UK and holds multiple top-tier licenses worldwide. It is publicly traded on NASDAQ, offers strong financial disclosures, and protects client funds through account segregation and FSCS where applicable.
Interactive Brokers is best for professional traders and investors who want access to global markets, detailed reporting, and custom trading strategies. It’s not ideal for beginners due to the complexity of its platform and tools.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Pros & Cons
- Ultra-low fees for active traders
- Huge range of assets and forex pairs
- Access to 150+ global markets
- Advanced trading platforms
- Complex interface
- $10 inactivity fee (if balance < $100K and no commissions)
- No MT4/MT5 integration
- High threshold for earning interest on cash
-
What makes Interactive Brokers a good choice?
-
What are the fees and spreads?
-
Is this broker safe and regulated?
-
Who is this broker best suited for?
Interactive Brokers offers advanced trading tools, access to over 150 global markets, and institutional-grade platforms. It’s designed for experienced traders who need precision, flexibility, and the ability to trade a wide range of asset classes at low cost.
Spreads are highly competitive, starting from 0.1 pips on major forex pairs. There are no deposit or inactivity fees. A tiered commission model is used for some markets, which can reduce costs further for high-volume or active traders.
Yes. Interactive Brokers is regulated by the FCA in the UK and holds multiple top-tier licenses worldwide. It is publicly traded on NASDAQ, offers strong financial disclosures, and protects client funds through account segregation and FSCS where applicable.
Interactive Brokers is best for professional traders and investors who want access to global markets, detailed reporting, and custom trading strategies. It’s not ideal for beginners due to the complexity of its platform and tools.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Pros & Cons
- Ultra-low fees for active traders
- Huge range of assets and forex pairs
- Access to 150+ global markets
- Advanced trading platforms
- Complex interface
- $10 inactivity fee (if balance < $100K and no commissions)
- No MT4/MT5 integration
- High threshold for earning interest on cash
-
What makes Interactive Brokers a good choice?
-
What are the fees and spreads?
-
Is this broker safe and regulated?
-
Who is this broker best suited for?
Interactive Brokers offers advanced trading tools, access to over 150 global markets, and institutional-grade platforms. It’s designed for experienced traders who need precision, flexibility, and the ability to trade a wide range of asset classes at low cost.
Spreads are highly competitive, starting from 0.1 pips on major forex pairs. There are no deposit or inactivity fees. A tiered commission model is used for some markets, which can reduce costs further for high-volume or active traders.
Yes. Interactive Brokers is regulated by the FCA in the UK and holds multiple top-tier licenses worldwide. It is publicly traded on NASDAQ, offers strong financial disclosures, and protects client funds through account segregation and FSCS where applicable.
Interactive Brokers is best for professional traders and investors who want access to global markets, detailed reporting, and custom trading strategies. It’s not ideal for beginners due to the complexity of its platform and tools.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Pros & Cons
- Ultra-low fees for active traders
- Huge range of assets and forex pairs
- Access to 150+ global markets
- Advanced trading platforms
- Complex interface
- $10 inactivity fee (if balance < $100K and no commissions)
- No MT4/MT5 integration
- High threshold for earning interest on cash
-
What makes Interactive Brokers a good choice?
-
What are the fees and spreads?
-
Is this broker safe and regulated?
-
Who is this broker best suited for?
Interactive Brokers offers advanced trading tools, access to over 150 global markets, and institutional-grade platforms. It’s designed for experienced traders who need precision, flexibility, and the ability to trade a wide range of asset classes at low cost.
Spreads are highly competitive, starting from 0.1 pips on major forex pairs. There are no deposit or inactivity fees. A tiered commission model is used for some markets, which can reduce costs further for high-volume or active traders.
Yes. Interactive Brokers is regulated by the FCA in the UK and holds multiple top-tier licenses worldwide. It is publicly traded on NASDAQ, offers strong financial disclosures, and protects client funds through account segregation and FSCS where applicable.
Interactive Brokers is best for professional traders and investors who want access to global markets, detailed reporting, and custom trading strategies. It’s not ideal for beginners due to the complexity of its platform and tools.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
How Do Investment Apps Compare in Canada?
With so many investment apps available, choosing the right one depends on your investment style, fees, and platform usability. Some apps prioritize low fees, while others offer advanced research tools or seamless banking integration.
Key Takeaways
Best for Beginners → Wealthsimple Trade offers a sleek, easy-to-use platform with zero-commission trades, though it lacks advanced tools.
Best for Active Traders → Questrade provides low-cost stock and ETF trades with advanced research features but has a learning curve.
Best for Education-Focused Investors → Qtrade combines a user-friendly interface with strong educational resources and a demo account.
Best for Passive Investors → Questwealth automates portfolio management at a lower cost than most robo-advisors.
Best for Bank Integration → CIBC Investor’s Edge allows seamless management of banking and investing, though its interface is less modern.
Mobile vs. Desktop Trading
Some platforms, like Wealthsimple Trade and Moka, are optimized for mobile users who want a simplified, on-the-go investing experience. Others, like Questrade and Qtrade, offer more robust desktop platforms with deeper research tools and customization.
How to Choose the Right Investment App for You?
Finding the right investment app can feel overwhelming—there are so many options, each with its own features and quirks. Over the years, I’ve tested a handful, and if there’s one thing I’ve learned, it’s that choosing the right platform comes down to your experience level, security needs, and investment goals. Let’s break it down.
1. User Experience and Interface: A Make-or-Break Factor
The user experience (UX) and interface design of an investment app can make a huge difference—especially if you’re a beginner. I’ve tried apps that were so complicated I felt like I needed a finance degree just to place a trade. On the flip side, I’ve also used ones that were so simple they lacked essential tools for proper investing.
Here’s what to consider when evaluating UX:
Ease of Navigation – Can you find what you need without digging through menus?
Trade Execution – Is buying and selling seamless, or does it feel clunky?
Educational Resources – Are there in-app guides, videos, or learning tools?
For example, Wealthsimple Trade is perfect for beginners—it’s modern, simple, and focused on effortless investing. Meanwhile, Questrade has a steeper learning curve but offers more advanced features for serious traders.
| App | User-Friendliness | Best For |
|---|---|---|
| Wealthsimple Trade | ⭐⭐⭐⭐⭐ (Very Simple) | Beginners, passive investors |
| Questrade | ⭐⭐⭐ (Moderate) | DIY investors, research lovers |
| TD Direct Investing | ⭐⭐⭐⭐ (Easy to Navigate) | Bank-integrated investors |
2. Security Features: Protecting Your Money
I cannot stress this enough—security is everything when it comes to investing apps. You’re dealing with real money, and the last thing you want is weak security leading to data breaches or unauthorized access.
Look for these key features:
Encryption: Ensures your personal and financial information is protected.
Two-Factor Authentication (2FA): Adds an extra layer of security to your account.
CIPF or CDIC Insurance: Protects your funds if the platform fails.
For example, I once tested an app that lacked 2FA, and that was an instant dealbreaker. Wealthsimple, Questrade, and TD Direct Investing all offer strong security measures, making them safe choices.
| App | Security Features | Insurance Coverage |
|---|---|---|
| Wealthsimple Trade | 2FA, encryption, biometric login | CIPF ($1M coverage) |
| Questrade | 2FA, bank-grade encryption | CIPF ($1M coverage) |
| Moka | Basic encryption | No CIPF coverage |
If an app lacks these protections, stay away—your money’s safety is non-negotiable.
3. Account Types & Minimum Investment: Does It Fit Your Strategy?
Not all investment apps are created equal when it comes to account types and minimum investment requirements. This is crucial, as different accounts come with different tax advantages and investing rules.
Here’s what to consider:
Types of Accounts Offered: RRSP, TFSA, margin, corporate, etc.
Minimum Investment: Some apps require an initial deposit, while others let you start with $0.
Bank Integration: If you prefer managing your banking and investing in one place, options like TD Direct Investing might be ideal.
| App | Minimum Investment | Available Accounts |
|---|---|---|
| Wealthsimple Trade | $0 | RRSP, TFSA, Personal |
| Questrade | $1,000 | RRSP, TFSA, Personal, Margin, Corporate |
| TD Direct Investing | $0 | RRSP, TFSA, Personal, Margin, RESP |
For beginners, Wealthsimple Trade is great—no minimum deposit and easy to use. If you’re serious about DIY investing, Questrade offers lower fees on ETFs and stock trades but requires a $1,000 minimum deposit.
What are the Pros & Cons of Using Apps for Investing?
Pros of Using Investing Apps
- Accessibility & Ease of Use: Most investing apps offer user-friendly interfaces, making them ideal for beginners. Whether you’re checking your portfolio on the go or placing a trade in seconds, these platforms make investing more accessible than traditional brokerages.
- Lower Fees & Commission-Free Trading: Many apps, such as Wealthsimple Trade, offer zero-commission stock and ETF trading, reducing the cost barrier for investors. Others, like Questrade, provide low-cost ETF purchases, making it cheaper to build a diversified portfolio.
- Automation & Hands-Free Investing: Robo-advisors like Questwealth and Moka automate investing, allowing users to set up recurring contributions and have their portfolios managed with minimal effort. This is great for those who prefer a hands-off approach.
- Access to Global Markets: Some platforms, such as Questrade and Interactive Brokers, offer access to U.S. and international markets, allowing Canadian investors to diversify beyond domestic stocks.
- Practice Accounts for Beginners: Apps like Qtrade and TD Direct Investing offer demo accounts, allowing users to test investment strategies without real money. This is especially useful for beginners looking to build confidence before committing funds.
Cons of Using Investing Apps
- Risk of Impulsive Trading & Gamification: Many apps simplify trading to a few taps, which can encourage impulsive decisions rather than long-term investing. Features like instant notifications and stock performance trackers can lead to overtrading, which increases risks.
- Security & Privacy Concerns: Since investing apps store sensitive financial data, they can be a target for cyber threats. While most platforms use bank-grade encryption and two-factor authentication (2FA), users should be cautious about security vulnerabilities.
- Limited Research & Advanced Tools: Compared to full-service brokerages, some trading apps lack in-depth research tools, real-time market data, and advanced charting options. Apps like Wealthsimple Trade, for example, do not provide extensive market insights, making them less ideal for active traders.
- Hidden Fees & Trading Limitations: While some apps advertise “zero commissions,” they may still have foreign exchange (FX) fees, withdrawal charges, or account inactivity fees. It’s important to read the fine print to understand the true cost of investing.
- Limited Customer Support: Many low-cost investment apps offer minimal customer service, often relying on chatbots or email-based support rather than live phone assistance. This can be frustrating when trying to resolve urgent account issues.
Key Features to Look for in a Stock Trading App
When choosing an investment app, it’s essential to compare the key features that can impact your trading experience. While low fees are important, other factors such as ease of use, market access, and customer support can make a big difference—especially for beginners or active traders.
1. Fees and Costs: What Are You Really Paying?
While many apps promote commission-free trading, it’s important to look beyond the headline and consider hidden costs like foreign exchange (FX) fees, withdrawal charges, and account maintenance fees.
For example:
Wealthsimple Trade offers $0 commission trades, but charges a 1.5% currency conversion fee on U.S. trades.
Questrade allows free ETF purchases, but stock trades range from $4.95 to $9.95 per trade.
CIBC Investor’s Edge charges $6.95 per trade, making it a competitive choice among bank-owned brokerages.
2. Ease of Use: Which App Has the Best Interface?
An intuitive, well-designed platform makes a huge difference—especially if you’re a beginner. Wealthsimple Trade and Qtrade stand out for their clean, simple interfaces, while Questrade offers more advanced tools, but with a slight learning curve.
3. Market Access: What Can You Invest In?
Not all apps offer the same investment options. Wealthsimple Trade focuses on stocks, ETFs, and crypto, while Questrade and Qtrade provide access to stocks, ETFs, mutual funds, options, and GICs. If you need access to international markets, Interactive Brokers or Questrade may be better choices.
4. Customer Support: How Easy Is It to Get Help?
Customer support can be a dealbreaker, especially when dealing with your money.
Questrade and Qtrade offer strong support via phone, live chat, and email.
Wealthsimple Trade provides limited chat and email support with no phone assistance.
Bank-owned platforms like CIBC Investor’s Edge offer phone, chat, and in-branch support, making them a better option if you prefer traditional customer service.
How Do Users Rate the Best Investment Apps in Canada?
Understanding user reviews and ratings is crucial when selecting an investment app, as they provide insights into real user experiences regarding usability, features, and customer support. Below is a summary of user feedback for seven prominent Canadian investment apps.
| Platform | User Ratings | Common Praises | Common Complaints |
|---|---|---|---|
| Wealthsimple Trade | 4.5/5 | User-friendly interface, commission-free trading, ideal for beginners | Limited advanced features, no USD accounts, customer support primarily via email |
| Questrade | 4.3/5 | Low fees, comprehensive research tools, supports multiple account types | Complex platform for novices, inactivity fees for low-balance accounts |
| Qtrade | 4.4/5 | Excellent customer service, robust research tools, diverse account options | Higher trading fees compared to some competitors, platform interface considered outdated by some |
| Questwealth | 4.2/5 | Automated investing, low management fees, socially responsible investment options | Limited customization for portfolios, less control over individual investments |
| Moka | 4.0/5 | Automated savings through round-ups, simple setup, encourages saving habits | Monthly fee can outweigh benefits for low spenders, limited investment options |
| CIBC Investor’s Edge | 3.8/5 | Integration with CIBC banking, competitive trading fees among big banks | Dated user interface, customer service response times vary |
Key Insights from User Feedback:
Wealthsimple Trade is lauded for its simplicity and zero-commission structure, making it attractive to new investors. However, experienced traders may find the lack of advanced tools limiting.
Questrade appeals to active traders due to its low fees and extensive research capabilities. Some users, however, mention that the platform can be overwhelming for beginners.
Qtrade receives positive feedback for its customer support and comprehensive research offerings, though some users feel the platform could benefit from a more modern design.
Questwealth is appreciated for its automated investing approach and low management fees, but it may not suit those seeking hands-on investment control.
Moka is favored for its micro-investing model, facilitating effortless savings. Yet, the monthly fee might not be cost-effective for users with minimal spending.
CIBC Investor’s Edge is valued for its integration with CIBC banking services and relatively low fees among traditional banks. Nonetheless, users have reported that the platform’s interface feels outdated.
When choosing an investment app, it’s essential to consider these user experiences alongside your personal investment goals and preferences. Platforms like Wealthsimple Trade and Moka are excellent for beginners seeking simplicity, while Questrade and Qtrade cater to those requiring advanced tools and research capabilities.
Please note that user experiences can vary, and it’s advisable to explore each platform to determine which aligns best with your individual needs.
For a more in-depth comparison of these platforms, you might find the following video helpful:
Final Thoughts: Which App is Right for You?
There’s no single “best” investment app—just the best one for your needs. You might even need more than one!
✅ If you’re just starting out → Wealthsimple Trade is beginner-friendly.
✅ If you want more control & lower fees → Questrade is a great DIY option.
✅ If you prefer banking & investing in one place → TD Direct Investing is seamless.
Personally, I use Wealthsimple for quick trades and Questrade for long-term investing. Try a few, and go with the one that makes investing feel effortless, not overwhelming.
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FAQs
What is the best investment app for beginners in Canada?
Wealthsimple is the best app for beginners due to its zero-commission trades, intuitive design, and strong customer support.
Are investment apps regulated in Canada?
Yes, most apps comply with regulations by IIROC and CIPF, ensuring user protection and account safety.
Can I invest in US stocks using Canadian apps?
Yes, platforms like Questrade and Wealthsimple allow Canadians to trade US stocks, though foreign exchange fees may apply.
Do investment apps charge hidden fees?
No, reputable apps are transparent about their fees. Check for potential charges like foreign exchange or inactivity fees.
Are investment apps suitable for retirement savings?
Yes, apps like Questrade and Wealthsimple offer registered accounts like TFSAs and RRSPs for tax-efficient retirement savings.





