Investment Accounts and Tax
How tax-advantaged investment accounts work in Canada, the UK and the US, with current contribution limits and their official sources. Education only.
The account you invest in can matter as much as what you buy. TFSA, RRSP and FHSA in Canada, the ISA and SIPP in the UK, and the 401(k) and IRA in the US, with this year's limits and where they come from.
Lessons in this track
- Tax-advantaged accounts explained How tax-free and tax-deferred accounts work in Canada, the UK and the US, with a 20-year worked example and current limits from official sources.
- TFSA explained How a TFSA works in Canada: contribution room, carryforward, when withdrawals come back as room, the over-contribution tax, and what you can hold.
- RRSP explained How an RRSP works in Canada: the tax deduction, tax on withdrawals, the deadline, spousal RRSPs, the Home Buyers' Plan and what happens at 71.
- FHSA explained How Canada's First Home Savings Account works: the deduction, tax-free first home withdrawals, annual and lifetime limits, and moving it to an RRSP.
- TFSA vs RRSP compared Why a TFSA and an RRSP give the same result when tax rates match, how they diverge when rates differ, and the other differences that matter.
- What is an ISA? Stocks and shares ISAs explained How ISAs work in the UK: the annual allowance, the main ISA types, tax-free income and gains, withdrawals, the Lifetime ISA bonus and announced changes.
- What is a SIPP? Personal pensions explained How a SIPP works in the UK: relief at source with a worked example, higher rate relief, the annual allowance, pension access age and the tax-free lump sum.
- The 401(k) explained How a 401(k) works: pre-tax and Roth deferrals, an employer match worked example, vesting, contribution limits and the early withdrawal tax.
- Roth IRA vs traditional IRA Roth vs traditional IRA: deductibility, income limits, the five-year rule, and a worked example at equal and different tax rates. Limits from the IRS.
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Agenticks Learn is general education. It is not financial, investment, tax or legal advice, it does not take your situation into account, and nothing on it is a recommendation to buy, sell or hold any security or to open any account. Examples use illustrative numbers. Investing involves risk, including losing money you put in, and past performance does not predict future results. Tax rules and limits change; the official sources linked in each lesson are the final word.