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Registered Retirement Savings Plans are for anyone interested in saving money towards retirement who meets the criteria below. Because it is a registered savings plan, all growth through the RRSP is tax-deferred. At retirement, because your taxes were deferred, you will be expected to pay income tax on your RRSP withdrawals, but your nest egg will be much larger than it would have been if the money you invested had been taxed as you earned it.
If you would like to make an RRSP contribution, you must have the following:
Choose the amount you would like to contribute up to a yearly limit set by the Canadian Government.
Click here to view yearly RRSP limits
Josslin would be happy to provide you a quote on your registered retirement savings plan. Please contact Romano Klomp if you have any questions or would like a quote.