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Investing your money in Canada, first, you need to know what your goals are for investing. Is it a short term or a long term?
*Solutions:
1) Short term - put your money in the saving account.
2) Long term - invest in the stock market.
*Account Types:
1) Registered Retirement Savings Plan or Account (RRSP)
2) Tax-Free Savings Account (TFSA)
3) Registered Education Savings Plan or Account (RESP)
4) Taxable Account or Margin Account (it can be a personal or business account)
*Place To Have Your Account:
1) Online brokers (QUESTRADE, WEALTHSIMPLE, INTERACTIVE BROKERS etc.)
2) Traditional banks (TD, CIBC, BMO, RBC, SCOTIA)