RETIRE WITH MORE

RRSP

RRSP

Enjoy retirement with more in the bank.

RRSP

In 1957 The federal government introduced RRSPs, to encourage Canadians to save for retirement. Before RRSPs, only individuals who belonged to employer-sponsored registered pension plans could deduct pension contributions from their taxable income.

A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.

The program is regulated by the Federal Government of Canada and offers tax advantages to help Canadian residents accumulate financial wealth through a wide range of invesments.

Opening an RRSP is easy.

If you are earning an income, you can begin saving for as little as $25/mo.

It is wise for young people to begin their savings as early as possible.

Investments To Also Consider

Top