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Registered Retirement Savings Plan (RRSP)
A registered retirement savings plan (RRSP)
is a flexible, attractive savings tool. In addition to reducing your taxes,
it enables you to accumulate significant amounts and to defer income tax
on your investment returns. The sooner you start saving, the more quickly
your savings will start working for you.
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Who Should Consider an RRSP?
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Anyone under the age of 71 who has employment
income.
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Features and Advantages of Our Plan
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You deduct the amounts contributed
from your taxable income. |
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You obtain an income tax deferral on your
investment income .
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Your protection against financial market fluctuations may attain
and even exceed 100% of the capital invested.
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You can borrow to increase your contributions through the
RRSP
loan to invest through the IAG Savings and Retirement Plan.
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You can protect your savings against potential creditors*.
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You can pay by pre-authorized
cheques.
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You pay no annual administration fees.
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Amounts withdrawn are taxable income.
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*Certain conditions apply.
Under the regulations, an RRSP must be converted
to a registered retirement
income fund (RRIF), or another retirement income instrument by December
31 of the year you turn 71.
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Products Available
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When you enrol in an RRSP, you can invest
in the following investment
vehicles:
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Daily Interest Funds
For investors wishing to accumulate money to make investments and
accumulate interest on a daily basis.
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Investment Funds
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For all types of investors, from risk seeking to risk averse, looking for careful management of their investments while at the same time benefitting from the growth potential of stock markets. Whatever their investor profile, our wide range of funds will help them meet their savings needs.
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