What is an RRSP?

A Registered Retirement Savings Plan (RRSP) is a government-approved plan that helps you save money for your retirement. The sooner you start, the more comfortable you’ll be during your retirement years.

What are the benefits?

The main benefits of an RRSP are:

• contributions are tax deductible,
• gains within an RRSP are tax-sheltered,
• funds may be accessed early to buy a home or for post-secondary education.

Save money on taxes now and build a nest egg for retirement later. 

At SASCU we:

• offer competitive rates,
• fully insure your deposits,
• and provide outstanding member service.

Am I eligible?

Do you earn income that’s subject to Canadian taxation? Then you can contribute to an RRSP. Contributions can be made until the end of the year of the year in which you turn 71.

If you aren’t taxable, you should still consider filing a tax return on your income to create RRSP deduction room.

If you’re married, you can contribute to a plan in your spouse’s name and still be entitled to the tax deduction.

RRSP Investment Options

Invest in your RRSP with:

• term deposits (e.g. GIC)
• equity (e.g. mutual funds)
• fixed income (e.g. bonds)

Feel secure knowing your investments are secured—SASCU deposits are fully insured by the Government of British Columbia, regardless of size.

Book an appointment with an Advisor today and see why an RRSP might work for you.