Registered Savings Plans - Introduction
A Plan for Every Stage of Life
Enjoying a successful retirement means different things to different people. Whether you want to travel, take up new hobbies or spend more time with your friends and family, it is important to have a plan to ensure that you have a comfortable retirement.
Learn About Investment Options
By contributing to an RRSP, the Canadian government allows you to defer taxes while you build up a solid nest egg. We can help you build a strategy based on your individual needs to help you create the retirement you have always imagined. When you do retire, Registered Retirement Income Funds are the most popular RRSP maturity option because they are quite flexible. They are really RRSPs in reverse because they allow for continued deferral from taxes. Instead of putting money in every year, a minimum amount is withdrawn every year. Typically, converting an RRSP into an RRIF is the most advantageous option, since this allows you to avoid the massive tax burden that a lump sum withdrawal generates. An RRIF also allows you to maintain control of the holdings within your registered plan, which means that you can continue buying and selling different investment options as you see fit.
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Tips
To send me an email click above on "more info please"
If you are an business owner, incorporated professional or an executive you can get up to 65% more into your retirement fund while your company makes large tax deductible contributions on your behalf or to benefit your family members or key executives. Click on IPP for more information
RRSP s are the single most significant financial opportunity available to Canadians
today and investors recognize them as the best way to save for retirement. Click on RRSP for more information
An RDSP can be estabilshed for a Canadian resident aged 59 and under(excluding plan transfers), who is eligible for the Disability Tax Credit and has a valid Social Insurance Number.Click on RDSP for more information
As an incentive to help you save for your children’s education, the government offers the Canada Education Savings Grant (CESG) – a grant of 20% on the first $2,500 contributed to an RESP each year for a total of $500. Click on RESP for more information
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