Registered Retirement Savings Plan (RRSP)

An RRSP helps you invest money when you can most afford it – during your peak earning years – to build up a comfortable retirement fund. Your contributions, within limits, are tax deductible and the income earned is tax-sheltered.

It’s an excellent way to save for your future retirement, while reducing the taxes you owe today! 

Eligibility

Anyone with earned income taxable in Canada can contribute to an RRSP.

Advantages

• Reduce your tax – RRSP contributions reduce your taxable income, which is especially helpful during your peak earning years.
• Save faster – Because your RRSP is tax-deferred, your earnings will be tax sheltered until you withdraw them in retirement – likely in a lower tax bracket.
• Contribute until you’re 71 – Make annual contributions until December 31 of the year you turn 71.
• Use a portion for your first home without penalty – Speak to us to learn more.
• Flexible investing options – Your RRSP can hold a number of investments, including term deposits.