An RRSP is a way to save for retirement while taking advantage of various ways to reduce your annual income taxes. Your RRSP contributions are tax deductible and can be claimed against your income tax return each year, thus enabling you to lower your annual income taxes owed. You can also borrow from your RRSP savings for a down payment to purchase your first home, or to further your education
KCU RRSP Term Deposit provides you with a safe investment option. Earn a great interest rate on your money and defer your taxes until retirement.
An RRSP is a great investment tool for long term savings and it also has short term benefits. First time homebuyers have the option to withdraw funds from the plan to either purchase or build a qualified home. RRSP’s can also be utilzed under the Life Long Learning Plan (LLP) , to allow the withdrawal of funds for continuing education or retraining
Think of your RRSP as more than just a place to grow your money for the future.
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