This document explains, in chart form, three special savings plans established by the Government of Canada: the Registered Education Savings Plan (RESP); the Tax-Free Savings Account (TFSA); and the Registered Retirement Savings Plan (RRSP).
For the RRSP, the authors also provide a chart that shows how much greater a return on investment someone can earn by starting to save at age 25 instead of waiting until age 30, 35, 40 or 45.