Registered Retirement Savings Plan

A Registered Retirement Savings Plan (RRSP) is an attractive savings tool which allows you to accumulate money for your retirement while saving taxes in the process. RRSP contributions are tax deductible and the earnings are tax sheltered. The sooner you start your RRSP, the more money and taxes you save. Every Canadian citizen under the age of 65, with earned income, qualifies for an RRSP and should consider this flexible program.
 

The Advantages to this program are:

  • Contributions are tax deductible
  • Investment earnings are Tax sheltered
  • You can borrow to contribute
  • Savings in an RRSP can be protected against creditors
  • Most investment options (for example mutual or segregated funds, bonds, GIC's to name a couple) are available
  • Flexible payment methods - Annual, Semi annual, Quarterly, or monthly plans are available
  • There are no administration fees
  • Withdrawals are taxed according to the tax tables in effect


For more information on this service, please contact Mr.. Mohamad Rabah at:
905.602.1814 or by email: morabah@madinahfinancial.com

 

 

 

 

 

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