RRSP (Registered Retirement Savings Plan)
A RRSP is a government approved plan through which you save money for your retirement years. Your contributions, within limits, are tax deductible, and the income earned is tax sheltered.
Who is Eligible to Contribute?
Anyone with “earned income” subject to Canadian taxation, including non-residents.
When you withdraw money from your RRSP, government regulations require tax to be withheld.
For more information regarding RRSP products, please contact Spiritwood Credit Union.