Registered Retirement Savings Plan (RRSP)
Boost your retirement savings with tax benefits that help them grow faster
Understanding RRSPs
RRSPs offer tax-deferred growth and help reduce taxable income. Contributions are tax-deductible, unused room carries forward and savings can be withdrawn for a first home or education without immediate tax penalties
Reduce tax
Every dollar contributed to an RRSP reduces taxable income, lowering tax bills
Save for more than retirement
A portion of RRSP savings can also be accessed to buy your first home or continue your education
Shelter investment growth
No tax is paid on investment income until withdrawal in retirement, ensuring savings grow faster
Invest with flexibility
A RRSP can hold a variety of investments, including mutual funds, term deposits and even savings accounts
Getting Started with a RRSP
Flexible options to match different goals
- Variable Rate RRSP: Flexible savings with access anytime
- One-Year Redeemable RRSP ($1,000 min): Guaranteed interest, redeemable after 30 days
- Fixed Rate RRSP ($1,000 min): Locked-in rates for 1 to 5 years
- Pre-Authorized Deposits ($100 min): Automated contributions grow into a Fixed Rate RRSP
Set up a RRSP to match any retirement strategy
Our qualified staff will be pleased to discuss RRSP features and options in more detail
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Copyright 2025 League Savings and Mortgage Company. All rights reserved.
Copyright 2025 League Savings and Mortgage Company. All rights reserved.
