A retirement savings and investing account registered with the Canadian government that allows employees and the self-employed individuals to save for retirement.  The account can hold a variety of investments such as stocks, bonds, mutual funds, GIC’s, etc. and has special tax advantages.  These include:

1. Tax-deductibilty – Individuals making a contribution/deposit to their RRSP are able to deduct that amount from their taxable income effectively getting a tax credit and/or tax refund

2. Tax-Shelter – The growth of the investments are tax-free as long as it stays in the plan.  That includes all interests, dividends, realized and unrealized capital gains

3. Tax deferral – At the time of retirement, individuals are able to withdraw from the account which will typically be taxed at a lower rate than their working years

Call 604-260-7150 or complete the form on the right to speak with an Advisor.

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