A Registered Retirement Savings Plan is a great way to save for your retirement years.  Learn how an RRSP works, when to buy one and when not to buy one.  You can invest up to 18% of your earned income for 2006 into an RRSP to a maximum of $18,000.  Take time now to ensure your money is invested properly.  Don't wait until the last minute!

 
   

Investing - Why Plan for Retirement.

Woody Allen said that "80 per cent of success is showing up." Unfortunately, that's not the case when it comes to investing for your future.A better motto might be "success is 20 per cent inspiration and 80 per cent perspiration."In the future, anything is possible but it takes a little hard work and a solid financial plan.

A registered investment plan is a disciplined way to make your money grow, whether you're saving for your golden years or an income to draw from in retirement. That's because the growth of your investments, if registered, is protected from immediate taxation. Money is only taxed - as income - when it is removed from the plan.

A Registered Plan For You…

 

There are two types of registered plans that will help you achieve tax savings and long-term, rolling growth:

A Registered Retirement Savings Plan provides a great way to ensure the retirement you want by giving your investments safe haven from taxes until you want the money.

A Registered Retirement Income Fund will provide you with a set yearly income - determined by you to suit your goals - once you turn 69. Similar to a Registered Retirement Savings Plan, your investments compound tax-free as long as they remain in your retirement income fund.
 
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