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What is an RRSP?

What is an RRSP? Video

An RRSP, or Registered Retirement Savings Plan, is a Revenue Canada approved account designed to help Canadians, like you, save for retirement. This type of investment account allows you to defer paying income tax on the money you put into it until you start making withdrawals.

During retirement, you’re often making less money than you earned while working, which puts you in a lower tax bracket. Withdrawals from your RRSP at this time will be taxed at that lower rate. Ultimately reducing the amount of taxes you pay. Also, any returns on investment made within an RRSP account, such as interest, dividends, or capital gains, are not taxed if they remain in the account.

RRSPs can hold several types of investments, including stocks, bonds, mutual funds, and GICs. You are even able to use your RRSP to invest in Equiton’s private real estate investment opportunities. RRSPs are an effective way to accumulate wealth for retirement while taking advantage of tax benefits.

Want to Learn More About How to Invest?

At Equiton, we understand the importance of making informed investment decisions to maximize your investment portfolio.

Whether you are a seasoned investor looking to diversify your portfolio or a first-time investor seeking to explore the potential of real estate, we have tailored solutions to meet your unique needs. Our investment offerings encompass a diverse range of property types, such as residential, commercial and development.

Take the first step toward enhancing your wealth while practicing responsible investing. Seize the opportunity now to connect with our team of investment specialists by clicking the ‘Contact Us’ button below and start your journey towards achieving financial prosperity.

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