Financial Consultant

" NO FAMILY LEFT BEHIND "
" NO FAMILY LEFT BEHIND "
" NO FAMILY LEFT BEHIND "

Know RRSP

A Registered Retirement Savings Plan (RRSP) permits an individual to contribute to a personal retirement plan, and to deduct these contributions (within limits) from taxable income.

Many people consider the RRSP to be a must, when it comes to saving for retirement. 

If someone is saying “invest in RRSP so that you pay less tax after retirement”, just think “who pays less tax?”.

A Registered Retirement Savings Plan (RRSP) permits an individual to contribute to a personal retirement plan, and to deduct these contributions (within limits) from taxable income.

Many people consider the RRSP to be a must,  when it comes to saving for retirement. 

If somebody is saying “invest in RRSP so that you pay less tax after retirement”, just think “who pays less tax?”.

  • You can contribute 18% of your annual income per year.
  • Contribution is tax-free
  • Choosing the funds for growing money is very important.
  • 100% taxable when withdraw.
  • “ No tax now, but pay tax later ” concept.