RRSP- REGISTERED RETIREMENT SAVINGS PLANS

RRSP is retirement savings plans registered with Canadian government and looked after by CRA. It is a savings and investment vehicle to save for retirement. Pre-tax dollars are invested into RRSP and grows tax-free until withdrawal, when they are taxed at the marginal rate.

Tell us about Yourself. We'll listen And then work with you to make sure you've got the best insurance

Get A Quote

CRA sets the rules for the annual contribution limits. The annual RRSP contribution limit for 2022 is the lower of $29210 or 18% of your pre-tax earnings from the previous year.

Why should you do RRSP?

  • To save taxes as the amount invested is tax-deductible
  • To save money for your retirement goals
  • To diversify your savings
  • To grow your money compound and tax-free

Types of RRSP

  • Individual RRSP
  • Spousal RRSP
  • Group RRSP

Some common investments approved for RRSP

  • Mutual funds
  • Segregated funds
  • Bonds
  • Guaranteed investment certificates
  • Exchange traded funds

An RRSP account holder can withdraw money at any time, but the money is included as taxable income in the year of withdrawal unless the money is used for a “home buyers’ program’ (HBP) or a “Lifelong learning program” (LLP).

For more clarity and understanding before taking an investment decision.
Please email or call us 604-358-0590

Let's Talk
BAZPURIA “Deep Randhawa”

We have been working with Mr.Rajdeep Sekhon and Manmohan Sekhon for about 12years.Manmohan Sekhon is an exceptional agent. She is professional, honest, knowledgeable, helpful and caring. She went above and beyond to help us. I would certainly recommend her services to all my family and friends.

Supriya Sandhu

Manmohan's customer service is simply exceptional, and she is truly dedicated and passionate about the work she does for her clients. She always goes above and beyond to explain the long-term benefits of the best plan to us, and makes sure that we understand how crucial it is to secure our family's future!

Lauren Dhunna

Manmohan Sekhon is a highly competent financial advisor, and a very earnest and sincere individual in providing professional services. She is highly experienced, knowledgeable, and informed about the most cost-efficient plans, and I always refer Manmohan to all my family and friends.

Post a Review

Our
Partners