An RRSP can be opened at any time but must be collapsed by the end of the year in which the annuitant turns 71 years old
The limit on yearly contributions is the lesser of 18%of earned income or the maximum dollar amount allowed for that year.
Up to 100% of your RRSP may be invested in foreign holdings
The contribution deadline is approximately the first 60 days of the New Year.

Talk to Mohamed Kababji about how to customize a RRSP to effectively and tax-efficiently plan for your retirement years.

RRSP

It’s never too early to begin saving for retirement.

A Registered Retirement Savings Plan (RRSP) allows you to make tax-deferred contributions toward retirement savings. By deferring taxes on the growth within the plan to a time in the future (like retirement) when you will likely be in a lower tax bracket, you can save money. The money you contribute can be used to reduce earned income for tax purposes during your pre-retirement years.

Quick facts:

An RRSP can be opened at any time but must be collapsed by the end of the year in which the annuitant turns 71 years old
The limit on yearly contributions is the lesser of 18%of earned income or the maximum dollar amount allowed for that year.
Up to 100% of your RRSP may be invested in foreign holdings
The contribution deadline is approximately the first 60 days of the New Year.

Talk to Mohamed Kababji about how to customize a RRSP to effectively and tax-efficiently plan for your retirement years.