Registered retirement savings plan

What is an RRSP?

Simply put, a Registered Retirement Savings Plan, or RRSP, is a special type of savings account that helps Canadians save for their retirement.

A RRSP allows you to reduce your taxable income each year, building up savings for future retirement income.

Who is the RRSP for?

Anyone who wants to benefit from deferred tax rates and pre-tax compounding.

And yet, this is the reality that many people must face upon retirement.

In anticipation of retirement, the right balance must be maintained in your financial security plan. This balance is achieved mostly through sound liquidity management, capital protection upon death and asset allocation within the portfolio.

To ensure that your retirement projects don’t give way to a reality of trying to make ends meet, there is a simple and beneficial solution within your reach: a Registered Retirement Savings Plan (“RRSP”). Contributing to an RRSP could provide you with additional income to make your most cherished projects come true, tax free.

Would you live a comfortable life without a third of your current income?

Investment decisions are yours to make and depend on a wide range of factors that are uniquely yours. However, we would like to combine my experience and expertise to help you build a balanced portfolio which is perfectly adapted to your personal situation.

How does the RRSP work?

Contributions you make to an RRSP are tax-deferred, meaning the money is only taxed when you withdraw it. For most, withdrawing from your RRSP at a later point in life means paying much less tax. Any money put into an RRSP, up to the annual limit, reduces your taxable income for that year. Your annual limit is a percentage of your earned income plus unused room from earlier years.

You can hold a variety of investments in your RRSP, like stocks, bonds, GICs, and mutual funds.

Because income earned inside an RRSP isn't subject to tax until it's withdrawn, RRSPs are a powerful way to save for your retirement.