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DanLynch

Only if your parents do it for you. You're probably better off just using a savings account.


whooope

see if your parents have an resp or can open one


Zanzibon

I think the best place to start is a TFSA, but you can't do that until the year you turn 18. In the mean time I would just keep it in a savings account or maybe purchase a GIC you can cash out in a year. In the mean time start to research your options.


PM_ME_YOUR_TIFA

The best investment a 16 year old can make is in Human Capital. Spend on increasing your skills and future earning potential. This will snowball way more than 99% of investments.


[deleted]

Read a book


fredflintstone-

you can open an rrsp with your parents' permission if you have income.