RRSP
RRSP – Registered Retirement Savings Plans
The RRSP is an investment plan designed primarily for your retirement savings. This is a retirement saving vehicle regulated by the Canadian Government and they have special tax benefits.
The contribution you make to RRSP can greatly reduced the amount of income tax you pay annually. You only need to pay tax on the amounts you withdraw. You can invest this money in different investments. Anyone who is under the age of 71 who has income through employment can make RRSP contribution.
Opening an RRSP is easy. If you are earning an income, you can begin saving for as little as $25/mo.
Super boost your RRSP
Why not push your contribution limits with the help of a RRSP Loan.
