RRSPs let you save on taxes today while growing your retirement fund for later.

Registered Retirement Savings Plans (RRSPs) are government-registered plans that allow you to save for retirement. Contributions are tax deductible and income is tax sheltered.

• RRSP contributions are tax deductible so you pay less income tax.
• Money invested in an RRSP, as well as the interest it earns, is tax sheltered until withdrawn. This mean means faster growth for retirement savings because the earned interest compounds without erosion from income tax.
• Many different RRSP investment options are available. The options are flexible enough to meet any investor’s retirement goals.