RRSP – The registered retirement savings plan
Want to secure a carefree retirement? Act now!
Set up a Registered Retirement Savings Plan (RRSP) to ensure you have a retirement income you can count on.
Your RRSP contributions will generate investment income without becoming taxable until the time at which you withdraw the funds.
For people without company pension plans, RRSPs provide a firm foundation for retirement and for those with company plans, RRSPs offer added comfort—especially as it is possible to name a beneficiary for your RRSP earnings in the event of death.
Married couples stand to benefit uniquely through a spousal Registered Retirement Savings Plan (RRSP) and the withdrawal of funds at retirement using an income-splitting strategy. And if your marriage status should change, you will be able to transfer funds without the imposition of taxes.
To make the most of a Registered Retirement Savings Plan, start early and contribute consistently, at the maximum allowable amount, to yield the most tax benefits. Find out more by contacting Zen Plus.