RRSPs – Registered Retirement Savings Plan

Contributions to your RRSP are tax deductible and interest earned is tax sheltered until it is withdrawn. By maximizing your RRSP contribution you may reduce the income tax you owe.

RRSP loans and lines of credit are available for contributing to a new RRSP or topping up an existing one. If you choose a line of credit, you can take advantage of investment opportunities whenever they arise.

You may set up a pre-authorized contribution (PAC) plan, whereby a fixed amount of money is automatically transferred into your chosen investment. You may set up weekly, bi-weekly, monthly or quarterly contributions (minimum $25 per transaction) to build consistent, tax-sheltered savings.