RRSP (Registered Retirement Savings Plan)

A Registered Retirement Savings Plan (RRSP) is a powerful, tax advantaged savings and investing vehicle registered with the Canadian federal government.  
 
RRSP contributions are tax-deductible, meaning that they can be deducted on your current year tax return. Any investment income earned from investments held within the RRSP can then grow tax-deferred.

It's never too early to start investing for retirement. In fact, investing early can potentially help you reap the benefits of tax-deferred compound interest depending on the type of investment you hold.

Benefits:

  • Tax Deductible Contributions
  • Savings Grow Tax-Deferred Until Withdrawal 
  • You can convert your RRSP to receive regular payments when you retire
  • A spousal RRSP can reduce your combined tax burden
  • Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA)

Talk to us today about an RRSP option that's right for you.