Registered Retirement Savings Plan (RRSP)
RRSPs are a personal savings plan created by the federal government to encourage Canadians to save for retirement.
RRSP contributions are tax deductible, meaning the more you invest, the greater the tax break.
Investing in RRSPs can be done in many ways – including Term Deposits, Mutual Funds*, and cash. If you’re married or common law, consider a spousal RRSP to reduce total taxable income by investing more in the name of the spouse in the lower tax bracket.