Investing and saving

Goals-based investing

Would you like to buy a house, pay for your child’s education, or save for retirement?

Constellation can set you up on a clear path to achieve your financial goals and allow you to see in real-time how close you are to reaching them.

Who is this for?

Anyone who likes to invest with discipline to not only see their money grow over time, but see how those results are bringing them closer to real-life financial goals, can benefit from goals-based investing.

Think of it as putting your money in separate jars that are for different goals. You could have a retirement jar as a long-term goal. Then you could have a travel jar as a short-term goal.  The nice part is that you don’t have do this alone. You can work with an expert advisor, taking this fundamental concept and applying it in a more sophisticated and disciplined way. 

How will this help me?

Goals-based investing helps you to align your risk as it relates to each goal.  For example, when saving for a short-term goal, such as travel in a few months, your level of risk may be higher than saving for a home in 10 years.

Unlike traditional investing where positive results often means simply beating a market benchmark, goals-based investing helps tie your success to real-life events that are important to you. This helps you remain focused and stay disciplined during market fluctuations so you may reach your financial goals.

What else do I need to know?

Play an active role

You’ll help create a personalized investment strategy with an advisor to ensure that you have a clear picture of your portfolio and are confident that you are working towards your goals.

Track your progress

You can view your progress online with Constellation and see how your money is doing. This will allow you to get a clear view of how your investments are bringing you closer to achieving your financial goals.

Helpful advice

Even though you’ll play a major role in creating your investing plan, an advisor will be right there with you sharing their expertise and helping to make your portfolio more successful.



A Registered Retirement Savings Plan (RRSP) is a savings plan, registered with the Canadian federal government that you can contribute to for retirement purposes.

When you contribute money to a RRSP, your funds are "tax-advantaged", meaning that they're exempt from being taxed in the year you make the contribution. Any investment income earned from investments held within the RRSP can then grow tax-deferred, as long as the money remains within the RRSP, until it's withdrawn.

RRSP contributions are tax-deductible, meaning that they can be deducted on your current year tax return, potentially reducing the total amount of taxes you pay.


A tax-free savings account is an account available in Canada that provides tax benefits for saving. Investment income, including capital gains and dividends, earned in a TFSA is not taxed in most cases, even when withdrawn.


A Registered Education Savings Plan (RESP) is a government-registered savings plan that helps you save for your child’s post-secondary education.

The money that you invest in an RESP grows tax-deferred, and the federal government helps contribute to your savings along the way in the form of education grants.

When your child enrols at a qualifying post-secondary institution and you are ready to withdraw the funds for educational purposes, the payments made using these funds are known as Educational Assistance Payments (EAPs).

Tax is applied to the investment income and government grants received when withdrawn from the RESP, not on the contributions you made using your own funds. These amounts are taxed in the hands of the student, and this usually means little or no tax will be paid, because students typically fall into the lowest tax bracket.

  • The sooner you start an RESP for your child, the more time your contributions will have the chance to grow.
  • The Canada Education Savings Grant (CESG) matches 20% of annual contributions, up to $500 per year
  • The matching contributions can continue until the lifetime limit of $7,200 per child has been reached
  • Investing your Canada Child Benefit could help you save enough to qualify for the maximum CESG amount


A registered disability savings plan (RDSP) is a savings plan that is intended to help parents and others save for the long term financial security of a person who is eligible for the disability tax credit (DTC).
Contributions to an RDSP are not tax deductible and can be made until the end of the year in which the beneficiary turns 59. Contributions that are withdrawn are not included as income to the beneficiary when they are paid out of an RDSP. However, the Canada disability savings grant (grant), the Canada disability savings bond (bond), investment income earned in the plan, and the proceeds from rollovers are included in the beneficiary's income for tax purposes when they are paid out of the RDSP.


To set aside additional savings
The non-registered savings plan (NRSP) is a plan that lets investors set aside additional savings for retirement or any other project when the maximum RRSP, TFSA, individual pension plan (IPP) or "pension plan" contributions have been reached.