• 1.1 What's a mutual fund?

    A mutual fund is simply a pool of money from a number of investors with similar goals. When you invest in a mutual fund, you buy part of the fund, called a unit. The more money you invest, the more units you receive. Decisions concerning the fund are made by managers. Mutual funds invest in a wide range of securities, notably common and preferred shares, debt securities such as bonds and debentures, as well as money market instruments such as Treasury bills.

  • 1.2 What's an RRSP (Registered Retirement Savings Plan)?

    An RRSP is an investment vehicle that allows an individual to defer some income tax on invested money. No tax is payable on the invested money or on the capital gains until time of withdrawal—usually at retirement. An RRSP is an excellent way to save for your retirement.