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RRSP - What is it and how do I
participate?
An RRSP is a registered account that allows you to make tax-deferred
contributions towards your retirement
savings plan. Subject to certain limits,
each dollar you contribute to the plan
lowers your taxable income by the amount
you invest. Once you have made a
contribution to an RRSP, your
investments can grow tax-free until
withdrawn.
The goal is to defer your tax payments
on the money you contribute until you’ve
retired, at which point you will most
likely be in a lower tax bracket.
One of the best and most
painless ways to contribute to your RRSP
is to do so on a monthly basis.
This is a sophisticated, disciplined way
to save and invest and can allow you
employ the
Dollar-Cost-Averaging
strategy. By starting your monthly
investment plan early in the year,
you'll also avoid the last minute
scramble to come up with the money prior
to the year-end deadline.
We can help you set up a monthly PAC for
your RRSP contributions.
Your RRSP portfolio should be designed
for you, based on your objectives and
your preferences. It is our goal to
co-ordinate your RRSP program to fit
into your overall financial plan. We
can provide to you, through several
different financial institutions,
products and options, to meet all your
RRSP needs.
Click on the links below for more
information on RRSPs
Important
Deadline Information:
The last day to contribute to your RRSP
for the 2008 tax year is March 1st,
2009.
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