.png "ganaraskacreditunionBlueTagline.svg")
Enjoy the benefits of an RRSP
- Lower your tax – Regular contributions to your RRSP will reduce the tax you owe, especially during your higher income years.
- Grow your money – Because your RRSP is tax-deferred, your earnings will be tax sheltered until you withdraw them in retirement.
- Contribute until you’re 71 – Make annual contributions up to 18% of your earnings or the government-mandated maximum limit until you turn 71
Not sure how much to contribute? That’s okay, our advisors will help you choose a contribution amount that fits your budget and goals. You can opt for One-time contributions, Monthly contributions or Lump-sum transfers.
- Use a portion of it for your first home without penalty – Speak to a member of our team to learn more.
- Use it to fund part of your education – If you want to continue your education, borrow a portion of the funds without penalty. Speak to us to learn more.
- Flexible investing options – Your RRSP can hold a number of investments, including term deposits.
Ready to put the power of tax-sheltered investing to work for your retirement?
Need a hand?
No matter your retirement plans, our experienced team will tailor their advice to help you maximize your savings to match.
How much will I save?
Our Retirement Savings Calculator will help you work out how much your savings will be worth at retirement, and the income they'll provide.
