Whether you are saving for retirement or a big purchase, investing your money is one of the best ways to build wealth over time. In Canada, you can open RRSPs and RESPs, Tax-Free Savings Accounts (TFSA) and other investment accounts. These accounts offer a number of benefits, including tax savings and eligibility for government grants. In addition, Canadian financial institutions are regulated and members of the Deposit Insurance Corporation, so your funds are always safe.

A Beginner’s Guide to Investing in Canada

For many Canadians, Investing in Canada means buying products and services from homegrown companies. In recent years, there has been a push to get big pension funds to invest more of their assets in Canada. It’s a move that could help lower the borrowing costs of Canadian firms, make them more attractive to foreign investors and create jobs. But experts say that while it might stir up a feeling of patriotism and do some good, it won’t fix the country’s long-term economic woes.

Investing in Canada is a priority for federal, provincial and territorial governments. Together, they work with private sector stakeholders to promote Canada as an international destination for investment. They offer information and advice on doing business, strategic market intelligence and introductions to provincial and territorial investment promotion agencies. At the same time, they also manage a range of incentives designed to advance broader policy goals. These include tax exemptions and credits for research and development, attracting international talent and supporting local and regional economies.