Finances

5 reasons to invest in a RRSP

February 20, 2017
Tax-free interests

If you keep your economies in a savings account, you will have to declare your interests as a taxable income. Of course you can also invest in a TFSA where you could save up to $5500 per year without taxes but if you intend to save for your retirement, you should invest in a RRSP, enjoy the tax shelter and save interests free of taxes until the moment when you will withdraw these amounts. When you will retire, your tax rate will be lower and the withholding tax will be lower as well.


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