INVEST FOR RETIREMENT
RRSP (Registered Retirement Savings Plan)
What is an RRSP?
The Registered Retirement Savings Plan (RRSP)1 allows you to accumulate tax-sheltered savings for retirement while reducing taxable income at the time of contribution. The annual contribution is a maximum of 18% of the previous year's income, with a ceiling set by the Government of Canada.
The benefits of an RRSP
Reduced taxable income
for 2024
Income tax deferral
until retirement
Tax-sheltered
investment growth
Contribute to your RRSP by March 3, 2025.
How to grow your RRSP?
RRSP growth depends largely on the investment strategy you choose. A personalized plan developed with an advisor can help you optimize your investments and reach your retirement goals.
Fixed-rate guaranteed investment
Also known as fixed-rate guaranteed investment it is a short- or long-term investment that offers a fixed, guaranteed return at maturity.
In other words, investing in a fixed-rate guaranteed investment means that you know in advance exactly how much you will receive back at the end of the investment period, no matter what happens on the financial markets.
- Maximum security: Guaranteed investment and interest.
- Peace of mind: No unpleasant surprises.
- Guaranteed fixed rate: Interest rate does not vary for the duration of the investment.
Need to grow : How can you have peace of mind when building an RRSP?
It's easy: fill out the online form
or call 1-888-359-1357.
Mutual funds
A mutual fund is like a giant investment piggy bank. Everyone adds their piece to make the whole thing grow.
This money is then invested in different types of investments (stocks, bonds, etc.) by an investment fund manager and a team of experts.
- Variable security: Variable investment and interest.
- Higher income possible: Returns can be higher.
- Long-term investment: It is best to be patient as market fluctuations are part of the game.
- Expert help: Need advice? An Aviso Wealth investment advisor is there to offer advice.
Need an expert's optimizing your RRSP?
Mutual funds can be used to diversify and optimize an RRSP.
Our Aviso Wealth investment advisors' expertise will help you build a customized portfolio.
If you have any questions or would like to find out more about the benefits of an RRSP, our branch employees are there to answer them.
Tip
How to prepare for retirement
Financial advisors and planners can help with a variety of projects, including retirement. Here are three options:
- The retirement assessment tool can be used to anticipate retirement needs.
- Consider creating a plan that meets your needs.
- Make an appointment with our team to get the right tools.
The important thing is to save the right amount, at the right time, in the right investment option.
My Profile
Contribute to an RRSP on My Profile
Since this plan is designed primarily for retirement, we recommend that you assess your needs and explore all your savings options. You can open and contribute to an RRSP on My Profile. Here is how.
1 RRSP eligibility requirements
- Be a Canadian resident holding a Social Insurance Number (SIN);
- Have earned income and filed an income tax return in Canada;
- The maximum age for contributions is 71 or December 31 of the year of your 71ˢᵗ birthday. After this date, the RRSP will be transferred. Click here for more details.
Important! Technically, you can withdraw funds at any time. However, withdrawals are taxable as regular income in the year they are taken (unless the amount withdrawn is used for a Home Buyers' Plan (HBP) or Lifelong Learning Plan (LLP).
Mutual funds and other securities are offered through Aviso Wealth Inc. a division of Aviso Financial Inc. Unless otherwise indicated, mutual funds, other securities and cash balances are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.