RRSP

We offer a wide range of investment choices for your RRSP.

Let our Investment Officers assist you in determining the best investment for your individual goals and objectives. For more information please visit the government of Canada website.  http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/menu-eng.html  
 
What is an RRSP?
An RRSP (Registered Retirement Savings Plan) is a government approved registered savings plan through which you save money for your retirement years. Your contributions, within limits, are tax deductible and the income on your investment is tax sheltered during the time it remains in an RRSP.

Who Can Invest?
All taxpayers who have earned income, up to the end of the year they turn 71, may contribute to an RRSP. In some cases, taxpayers beyond age 71 may contribute to a spousal RRSP if the spouse is younger than 71.

Contribution Limit
Contribution limits are established from time to time by the Federal Government.

Foreign Content Rule
As of 2005, there is no longer a limit on the amount you may hold in foreign investments.

Spousal RRSP’s
Contributions may be made to a spousal plan within the contributor’s RRSP contribution limits. This strategy can potentially create income splitting between spouses in retirement.

 

RRSP Declaration of Trust

 

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