Registered Retirement Savings Plan (RRSP)
Registered Retirement Savings Plan (RRSP)
An RRSP is a retirement savings plan that you establish, that we register, and to which you or your spouse or common-law partner contribute. Deductible RRSP contributions can be used to reduce your tax.
Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you receive payments from the plan.
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What Our Customers Say
Bernice was great, she took the time to meet with me, access what my goals are helped me realize what I need.
Islandwide Financial Group has played an integral role in building my personal financial well-being, and now that of my family through RRSPs, TFSAs and RESPs. Always available to answer questions and do the legwork and research to make sure that my investments and my life insurance are on track with my needs, and that I have an understanding of where my finances are headed.
Bernice has been our financial advisors for the past two and a half years. She has offered sound financial advice based on our investment objectives as well as our personal needs. They keep in regular contact with us and provide us with ongoing financial advice as our needs and markets change. Bernice took the time needed to fully explain our options and to guide us in an appropriate direction. We feel as though Islandwide Financial Group truly care about our family, our finances, and our future.