RRSP

Build tax-deferred retirement savings and investments with a registered retirement savings plan (RRSP).

As a Canadian, you have a valuable retirement savings tool at your fingertips – an RRSP. It lets you defer tax on income you’re earning now and start building retirement savings.

Is an RRSP for you?

If you are like most Canadians, you need to rely on your own savings to fund the retirement lifestyle you want. If you intend earn income, an RRSP is one of the most tax-efficient solutions.

It’s never too late or too early to start planning for retirement. An RRSP is a great place to get started.

How RRSPs work

When you open an RRSP account, you can start making contributions. The amount you are allowed to contribute each year is based on a percentage of your income. Investments you make inside an RRSP will grow sheltered from tax.

In addition, your contributions provide you with tax benefits in the form of tax credits. This means that your taxable income (up to a certain point) is reduced by the amount you contribute.

Visit the Canada Revenue Agency website to find out more about:

Get an RRSP working for you

Empire Life mutual funds and Emblem Portfolios can be held in an RRSP. Talk to your advisor before investing.