Registered Retirement Savings Plan (RRSP)

A registered retirement savings plan (RRSP) is a flexible, attractive savings tool. In addition to reducing your taxes, it enables you to accumulate significant amounts and to defer income tax on your investment returns. The sooner you start saving, the more quickly your savings will start working for you.

Who Should Consider an RRSP?

Anyone under the age of 69 who has employment income.

Features and Advantages

• You deduct the amounts contributed to the RRSP from your taxable income.
• You obtain an income tax deferral on your investment income .
• Your protection against financial market fluctuations may attain and even exceed 100% of the capital invested.
• You can borrow to increase your contributions through the Ecoflex RRSP line of credit.
• You can protect your savings against potential creditors*.
• You may pay by pre-authorized cheques.
• You pay no annual administration fees.
• Amounts withdrawn are taxable income.

*Certain conditions apply.

Under the regulations, an RRSP must be converted to a registered retirement income fund (RRIF), or another retirement income instrument by December 31 of the year you turn 69.

Products Available

When you enrol in an RRSP, you can invest in the following investment vehicles:

Daily Interest Funds

For investors wishing to accumulate money to make investments and accumulate interest on a daily basis.

Principal Guaranteed with an Alternative Investment (PGA)

For investors seeking access to new investment strategies and a diversified portfolio with an emphasis on capital security.

Guaranteed Interest Funds

For investors seeking capital protection and a stable return.

Investment Funds

For all types of investors, from cautious to aggressive, who are seeking sound diversification of their investments. No matter what the investment horizon, our wide range of investment funds can satisfy the needs of every investor.