Kickstarting Young Investors empowering tomorrow’s investors

At Raymond James, we are committed to empowering the next generation of investors. Starting your investment journey can feel overwhelming, however, we’re here to make it simple.

We help young investors start strong by guiding them through opening suitable accounts, keeping the process simple, and teaching the essentials of financial literacy. Our goal is to help young investors plan confidently for the future, build a foundation for lasting financial security, and ultimately have it all aligned with their future goals.

We complete this by having discussions regarding personal goals, risk tolerance, and picking which accounts are suitable for the young investor to open, such as RRSPs, TFSAs, and FHSAs. We simplify the set-up by handling all the paperwork, and walking the investor through each step so opening an account feels effortless. Along the way, we educate young investors on how their invested money is working for them, explain the reasoning behind each investment choice, and keep them informed on market trends that matter. We continuously review their portfolios to ensure every investment remains suitable and aligned with their goals, while introducing new opportunities in a clear and approachable way.

Saving money can be simple—and the Tax-Free Savings Account (TFSA) helps you maximize your savings without worries and taxes. Since its launch in 2009, it has become one of Canada’s most versatile savings tools, allowing your money to grow and be withdrawn completely tax-free, no matter what you're saving for.

Key Benefits
- Tax-free growth: Interest, dividends, and capital gains are not taxed.
- Flexible withdrawals: Access your money anytime without tax or impact on government benefits (such as OAS, GIS, or GST/HST credits).
- No age limit: Contribute throughout your lifetime, unlike RRSPs, which must be converted by age 71.
- Complements RRSPs: While TFSAs do not provide a tax deduction on contributions, they offer flexibility and pair well with RRSPs for retirement planning.
- After-tax contributions, tax-free withdrawals: Contributions come from income you have already paid tax on. Once invested, they grow tax-free, and withdrawals are also tax-free.
Who Can Open and Use a TFSA?
- Eligibility: Any Canadian resident who is 18 or older (and of legal age in their province or territory) with a valid Social Insurance Number.
- Non-residents: You may keep an existing TFSA if you leave Canada, but you will not earn new contribution room. Contributions made while non-resident are subject to a penalty tax.
Buying your first home is a big milestone and saving for it can feel overwhelming. That’s where the First Home Savings Account (FHSA) comes in. It’s a government-registered account created to help Canadians take that exciting first step toward homeownership. It blends the best of both worlds—RRSP-style tax deductions when you contribute, and TFSA-like tax-free withdrawals when you're ready to buy—so your savings can go further, faster.

Key Benefits
- Tax deduction now: Contributions are generally tax-deductible, lowering your taxable income in the year you contribute.
- Tax-free growth: Investments inside the FHSA grow tax-free.
- Tax-free withdrawals for a home: Qualified withdrawals to buy or build your first home are not taxed.
- Flexibility: If you do not end up buying a home, funds can be transferred to an RRSP or RRIF tax-free.
Who Can Open and Use an FHSA?
- Canadian residents aged 18 to 71 (or age of majority in your province or territory).
- Must be a first-time homebuyer (i.e. you or your spouse or common-law partner have not lived in a home you owned in the current year or previous four years).
Whether you are just starting to think about retirement or already planning for it, a Registered Retirement Savings Plan (RRSP) is a smart, tax-efficient way to grow your savings. Contributions can reduce your income tax today, while your investments grow tax-deferred until you are ready to use them—helping you build financial securityfor the future.

Key Benefits
- Tax deduction now: You may deduct contributions from your taxable income in the year you make them or in a future year, potentially lowering your income taxes payable.
- Tax-deferred growth: Investments grow without being taxed annually; tax is deferred until withdrawal.
- Flexibility of investments: You can hold a wide range of investments inside your RRSP such as stocks, bonds, mutual funds, GICs, and ETFs.
- Income splitting and spousal RRSPs: You may contribute to a spousal RRSP for your spouse or common-law partner to balance future taxable income between two people.
Who can Open and Use an RRSP?
- Any Canadian resident with a valid Social Insurance Number, earned income, and a tax return can open and contribute to an RRSP.
- Non-residents of Canada can contribute if they have contribution room from earned income in Canada prior to leaving the country.