Finances

5 reasons to invest in a RRSP

We already have our hands full with the daily expenses of our family and you think that we should put some money aside for retirement? Absolutely! Here are five good reasons to do so.

Attractive tax shelter

An RRSP is a tax shelter that allows you to reduce your taxable income concretely and directly. When you know that at least 30% of the amount is returned as a deduction in your tax return and that the money remains yours, it is the most interesting tax deduction offered by governments. To determine the amount you can contribute, take a look at your latest Notice of Assessment from Revenue Canada.

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