An RRSP is a type of investment account in which you put aside money to be used when you retire. The money can be invested in a variety of investment options including cash, mutual funds, stocks and bonds. An RRSP is “registered” with the Canada Revenue Agency. Any funds deposited into an RRSP and it’s earnings are sheltered from tax, until withdrawn.

An RRSP is an investment portfolio - your designated retirement savings. It can contain a variety of investments including: RRSP savings deposits, treasury bills, guaranteed investment certificates (GICs), mutual funds, bonds, and even equities.

What makes an RRSP special is that your contributions to it are tax deductible and your portfolio grows tax sheltered. If you are under 72 years of age and earn income, we encourage you to take advantage of the benefits an RRSP can offer.

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