RRSPs


Take advantage of all the benefits an RRSP can offer. A personal savings plan that is registered with the Canadian federal government, an RRSP allows you to save and build for the future.


Benefits of an RRSP
•    Offers a tax credit for money invested
•    Investments grow tax-free
•    You can borrow from your RRSP to buy your first home, or to go to school

Make saving simple.
Worried that you don’t have money to contribute to an RRSP at tax time? Don’t be! Consider investing smaller amounts over a period of time; these add up to a great way to save.

By setting up regular and automatic payments from your chequing account, whether weekly, bi-weekly or monthly, you can benefit from a whole year of investing. And before you know it, you’ll have made a substantial contribution, with no stress.

Plus, you’ll be compounding your earnings monthly, instead of just focusing on the tax advantages of a one-time contribution at the end of the year. Start now to accelerate your savings.

And remember, all deposits in registered savings plans are fully insured by the Deposit Insurance Corporation of Ontario. For further information on deposit insurance, call DICO at 1-800-268-6653 or visit www.dico.com

 

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