Retirement

Registered Retirement Savings Plan (RRSP)


A Registered Retirement Savings Plan (RRSP) is a savings plan that allows individuals to defer the taxes on investments until they are withdrawn at retirement. Contributions to an RRSP are tax deductible from the income generated in the year of the contribution. Taxes on interest income, dividend income, and capital gains are not paid while the investments are held within an RRSP. When it is time to redeem from your RRSP to subsidize your retirement needs, the amount withdrawn is taxable at your marginal tax rate.
Jeff Gillmeister, CLU
Insurance & Financial Advisor
2904 South Sheridan Way
Suite 301
Oakville, Ontario
Main: (905) 272-3020
Cell: (416) 806-6132
Fax: (905) 829-5504
jgillmeister@anchorfs.ca
JGillmeister@equityassoc.ca
Disclaimers:

Equity Associates Inc is a Mutual Fund and EMD Dealer in selected provinces. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Past performance may not be an indicator of future performance. Individual situations vary and products/strategies may not be suitable for all investors. Individuals should all read Fund Facts or prospectus (or similar) before making an investment and speak to their financial professional to see if an investment is right for them. The recommendations and opinions expressed herein are those of Anchor Financial Service and do not necessarily reflect those of Equity Associates Inc. They are not specifically endorsed by Equity Associates Inc. Articles on this site are not intended to provide individual financial, legal, tax or investment advice but rather are to be used for information purposes only.

Additional Products & Services Disclosure:

All other products or services provided other than mutual funds and Exempt Market products are subjected to your advisor provided that they are duly registered to do so under applicable legislation and the dealer approves such activity to be conducted outside of the dealer. Any activities related to such other occupations are not the business of the dealer and are not the responsibility of the dealer.
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