Registered Retirement Savings Plan

A Registered Retirement Savings Plan (RRSP) can be an effective way to save for your retirement. RRSP’s were introduced by the Canadian government to encourage saving specifically for this need. In the past, individuals relied upon company and government-sponsored pension programs to provide income for retirement. Today, career changes, early retirement, longer life expectancy and more active retirement lifestyles create a need for individuals to save in order to fully enjoy their retirement.

The advantages of opening up an RRSP include:

  •  Contributions are tax deductible, reducing income tax payable
  •  You can invest your contributions in a variety of different investments including but not limited to: GIC’s, Mutual Funds, Segregated funds, Stocks and Bonds
  •  Tax sheltered growth, which has the potential to greatly accelerate the accumulation of savings
  • Special withdrawal programs (eg. Home Buyers Plan, Lifelong Learning Plan)
If saving for retirement is a financial priority for you, Contact us today to see how we can effectively put your money to work for you.