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It is possible. Here's how.
Contribute to a Registered Retirement Savings Plan (RRSP) before March 1, 2010 and claim a credit on your 2009 Income Tax Return. You could qualify for an income tax refund. It's money we're sure you could make use of, and no doubt you would rather have the money working for you than contributing to the federal coffers.
Other great perks include:
- you can start with as little as $500 or $25 per month
- automated deposits make life easy
- choose from a variety of investments, such as an iSave or term deposit
- compounded interest over time can make a big difference (see here)
- tax sheltered benefits improve your growth potential (see here)
- it grows tax-free until you withdraw it
- for every $1000 you invest, you could save up to $440 in taxes*
It's all good, and it's easy to get started. We want to make it easy for you to succeed so let us help find the answers or, if you're ready to contribute to an RRSP, we can take care of the paperwork for you. |
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Learn more about RRSPs
View all articles on RRSPs
* Based on SK top marginal tax rate
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